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Former Steadview MD Puneet Kumar joins Mirae Asset Venture India as CEO

EntrackrEntrackr · 16d ago
Former Steadview MD Puneet Kumar joins Mirae Asset Venture India as CEO
Medial

Former Steadview MD Puneet Kumar joins Mirae Asset Venture India as CEO In his new role, Kumar will lead the firm’s venture investing platform, which backs companies aligned with the group’s long-term innovation and growth strategy. Mirae Asset Venture Investments (India) Private Limited, the private investing arm of Mirae Asset Global Investments Korea, has appointed Puneet Kumar as Chief Executive Officer of its venture capital and private investing business. Mirae Asset invests in startups across sectors such as technology platforms, consumer, artificial intelligence, and deep technology. Its past investments include Eternal (Zomato), Raise (Dhan), Shadowfax, and KreditBee. In India, the private investing business manages more than Rs 1,477 crore in assets under management across two Category II Alternative Investment Funds, as of November 30, 2025. Globally, Mirae Asset’s venture capital vertical manages $4.4 billion in assets. Before joining Mirae Asset, Kumar was Managing Director at Steadview Capital, a global technology-focused hedge fund with over $3 billion in assets under management. He spent more than six years at the firm, investing across public and private equities with a primary focus on India. Steadview’s private technology portfolio includes Dream11, Nykaa, Unacademy, Freshworks, Ola, Urban Company, PolicyBazaar, Zomato, Lenskart, Chargebee, Zenoti, Innovaccer, INDmoney, Atomberg, Zetwerk, and Ultrahuman. Earlier, Kumar served as Vice President at Nexus Venture Partners between 2017 and 2019, where he was involved in investments across SaaS, consumer, agritech, gaming, and new-age consumer companies, including Observe.ai, Rapido, Pando, Squadcast, Maximl, LiveHealth, and Intello Labs. Mirae Asset said it plans to scale up its private investing business in India in the coming years.

Magicpin co-founder Brij Bhushan returns as VC; joins Prime VP as partner

EntrackrEntrackr · 1y ago
Magicpin co-founder Brij Bhushan returns as VC; joins Prime VP as partner
Medial

Brij Bhushan, co-founder and former chief operating officer of Magicpin, has joined early-stage venture capital firm Prime Venture Partners (PrimeVP)as a full-time venture partner. In this role, Bhushan will be a key member of the investment team and will contribute to all aspects of the firm’s investment, portfolio management and fundraising, Prime VP said in a press release. Bhushan had previously worked in venture capital as vice president at Nexus Venture Partners before co-founding magicpin. He has also worked with Bain & Co. During his tenure at Magicpin, Bhushan was instrumental in its growth, raising over $100 million from investors including Lightspeed, Zomato and Waterbridge. “.. I’m excited to return to VC, where I can help founders navigate their journeys, leveraging my experiences alongside a team that truly understands what it takes to get a company off the ground,” said Bhushan. With plans to strengthen the company’s investment and portfolio management capabilities, Prime VP has also promoted Gaurav Ranjan to principal of investments. Ranjan served PrimeVP for six years as an associate, and most recently as vice president. Led by Sanjay Swamy, Shripati Acharya, and Amit Somani, Prime VP has invested in more than 50 startups, including WheelsEye, MyGate, Quizizz, PlanetSpark, Dozee, Zuper, Niyo, OTO, Knight Fintech, Finagg, and Navadhan, among others in the past 12 years. The firm has also achieved several significant exits, such as Happay to Cred, Recko to Stripe, Ezetap to Razorpay, and the IPO of Tracxn.

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