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Mirae Asset India VC Arm CEO Ashish Dave Steps Down

  • Ashish Dave, CEO of Mirae Asset Venture Investments (India), has resigned from his position after a seven-year tenure.
  • Mirae Asset Venture Investments (India) is the VC arm of Mirae Asset Global Investments.
  • Dave's responsibilities will be assumed by Mirae's Korean team until a new CEO is appointed.
  • Dave joined the company in 2018 and has invested in companies such as Unacademy, Zomato, and Ola, among others.
  • He is also the fund manager of Mirae's SEBI registered category II alternative investment fund.
  • Mirae Asset VC invests in technology-led startups and has investments in companies like Ola Cabs and Zomato.
  • Its global portfolio includes companies like Didi Chuxing, Grab, and SpaceX.
  • Mirae is planning to launch an ETF focused on the EV and new-age automotive vehicle ecosystem.
  • The VC firm's Indian portfolio companies Ola Cabs and Shadowfax are aiming for public listings.
  • The news of Dave stepping down comes amidst a surge in startup funding led by VC and PE firms in India.

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