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.

Mirae Asset Venture Opportunity Fund-II will invest in startups at the Series B-D stages across sectors.

This compares with the firm’s first flagship fund, which had a corpus of Rs 370 crore, and a late-stage vehicle it launched with a corpus of Rs 700 crore.