**Mirae Asset Appoints Puneet Kumar as CEO of Venture Capital Division**
Mirae Asset Venture Investments (India) has announced the appointment of Puneet Kumar, the former managing director of SteadView Capital, as the new chief executive officer of its venture capital and private investing operations. This strategic move aims to enhance the firm’s investment strategy and position it as the go-to investor for startup founders and other venture capital firms.
Kumar’s appointment comes at a pivotal moment for India’s venture capital landscape, which is witnessing a surge in tech companies going public. With investors expected to have significant liquidity for further investments in the coming year, the competitive environment necessitates a more aggressive approach in identifying and securing high-quality deals.
Previously, Kumar led the tech and India-focused fund at SteadView Capital, where he oversaw investments in over 30 companies, including notable names such as Eternal (formerly Zomato), Nykaa, Freshworks, and Chargebee. Under his leadership, nine portfolio companies successfully went public.
Mirae’s global venture investments primarily target sectors such as technology, media and telecom (TMT), emerging businesses, life sciences, healthcare, deep tech, and energy. In India, the firm has made significant investments in companies like Eternal, Dhan parent Raise, Shadowfax, KreditBee, and Big Basket. As of November 30, 2025, Mirae’s total assets under management in India exceed ₹1,477 crore across two Category II alternate investment funds.
The India team is also set to play a crucial role in managing a new technology investment fund focused on India, which is being launched in collaboration with South Korean gaming company Krafton and Naver.
Globally, Mirae’s venture capital assets under management stand at approximately $4.4 billion, with a strong emphasis on investments in Southeast Asia, Korea, and China, alongside a few in the United States.
Kumar expressed enthusiasm about his new role, stating, “Joining an organization with such a diversified portfolio, a global footprint, and a strong governance framework presents a unique opportunity to build one of the leading private investment franchises in India.”
As Mirae Asset Venture Investments continues to navigate the evolving landscape of venture capital, Kumar’s leadership is expected to drive the firm towards greater success and innovation in the Indian market.
**FAQ**
**What is the significance of Puneet Kumar’s appointment at Mirae Asset?**
Puneet Kumar’s appointment as CEO is significant as it comes at a time when India’s venture capital market is expanding, and his experience in securing high-quality investments will be crucial for Mirae Asset’s growth and competitiveness in the sector.
