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

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.

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 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.