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Mirae Asset-Naver Asia Growth Fund

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 23
Average round size
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The average size of a deal this fund participated in
$178M
Portfolio companies 18
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.22
Exits 2
Key employees Soon

Areas of investment

  • E-Commerce
  • Internet
  • E-Commerce Platforms
  • Financial Services
  • Online Portals
Summary

The fund is generally included in 2-6 deals every year. The typical startup value when the investment from Mirae Asset-Naver Asia Growth Fund is more than 1 billion dollars. The top activity for fund was in 2019. Deals in the range of more than 100 millions dollars are the general things for fund.

Besides, a startup needs to be aged 6-10 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight GrabTaxi, Bukalapak, BigBasket. Among the most popular fund investment industries, there are Delivery Service, Internet. The fund has exact preference in a number of founders of portfolio startups. When startup sums 3 or 5+ of the founder, the probability for it to get the investment is little.

The standard case for the fund is to invest in rounds with 4 partakers. Despite the Mirae Asset-Naver Asia Growth Fund, startups are often financed by Vertex Ventures, International Finance Corporation, InnoVen Capital. The meaningful sponsors for the fund in investment in the same round are Vulcan Capital, Vertex Ventures Southeast Asia & India, Vertex Ventures. In the next rounds fund is usually obtained by Microsoft, Hyundai Motor Company, Booking Holdings.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Mirae Asset-Naver Asia Growth Fund:
Typical Co-investors
Mirae Asset-Naver Asia Growth Fund is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Mirae Asset-Naver Asia Growth Fund:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Archipin

E-Learning
Education
Edutainment
$8M28 Dec 2021 Seocho, Seoul-t'ukpyolsi, South Korea

Trell

Lifestyle
Social Network
Social Shopping
Video
$44M12 Jul 2021 Bengaluru, Karnataka, India

KreditBee

Financial Services
FinTech
Internet
Lending
$71M15 Feb 2021 Bengaluru, Karnataka, India

iPrice Group

Coupons
E-Commerce
Shopping
$10M02 Mar 2020 Kuala Lumpur, Malaysia

theAsianparent

Communities
News
Publishing
08 Nov 2019 Central

Tickled Media

Advertising
Brand Marketing
Communities
Content
Identity Management
Publishing
07 Nov 2019 Central

RedDoorz

Business Travel
Hospitality
Travel
Travel Accommodations
Travel Agency
$70M18 Aug 2019 Central

HappyFresh

E-Commerce
E-Commerce Platforms
Mobile
$20M22 Apr 2019 Cilandak, Jakarta Raya, Indonesia
News
Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina

– HappyFresh, the on-demand grocery app based in Indonesia, announced it has raised a $65 million Series D.
– The round was led by Naver Financial Corporation and Gafina B.V., with participation from STIC, LB and Mirae Asset Global Investments.
– It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital.
– Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
– It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016.
– It continues to operate in Indonesia, Malaysia and Thailand.

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Total investments 23
Average round size 178M
Peak activity year 2019
Lead investments 5
Follow on index 0.22
Exits 2
Group Appearance index 0.91

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Archipin

E-Learning
Education
Edutainment
$8M28 Dec 2021 Seocho, Seoul-t'ukpyolsi, South Korea

Trell

Lifestyle
Social Network
Social Shopping
Video
$44M12 Jul 2021 Bengaluru, Karnataka, India

KreditBee

Financial Services
FinTech
Internet
Lending
$71M15 Feb 2021 Bengaluru, Karnataka, India

iPrice Group

Coupons
E-Commerce
Shopping
$10M02 Mar 2020 Kuala Lumpur, Malaysia

theAsianparent

Communities
News
Publishing
08 Nov 2019 Central

Tickled Media

Advertising
Brand Marketing
Communities
Content
Identity Management
Publishing
07 Nov 2019 Central

RedDoorz

Business Travel
Hospitality
Travel
Travel Accommodations
Travel Agency
$70M18 Aug 2019 Central

HappyFresh

E-Commerce
E-Commerce Platforms
Mobile
$20M22 Apr 2019 Cilandak, Jakarta Raya, Indonesia
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