MAVI India has been an active investor in the country over the last 8 years, having backed companies such as, Shadowfax, Raise (Dhan) and Kreditbee (Photo: Reuters).Mumbai: Mirae Asset Venture Investments India (MAVI India) the venture capital investment arm of the Mirae Asset Financial Group in India has made the first close of Mirae Asset Venture Opportunity Fund II raising Rs 1,125 crore towards a target corpus of Rs 1800 crore.The fund is backed by Unicorn Growth Fund, which MAVI India announced earlier this year in partnership with Naver and Krafton. The fund will invest in high-growth Indian companies that have demonstrated product-market fit and are entering their next phase of scale.The fund will primarily partner with early growth businesses across Technology Platforms, AI/Software, Deep Tech, Advanced Manufacturing and Consumer Discretionary sectors that are expected to shape the next phase of India’s economy.MAVI India has been an active investor in the country over the last 8 years, having backed companies such as Shadowfax, Raise (Dhan) and Kreditbee.Puneet Kumar, CEO, Mirae Asset Venture Investments (India), said: “India is entering a new phase of innovation where companies are moving beyond proving product-market fit to building businesses with the potential to become category leaders, both in India and globally. While the ecosystem has gotten more vibrant over the years, there is a big gap in the ecosystem today in the Series B-D stages when they are looking for growth capital. With Mirae Asset Venture Opportunity Fund – II, we want to partner with founders at this important stage of their journey and help them build large, enduring companies.”