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US Based Mayfield Raises $108 Million India Focused Fund
Silicon valley based Venture Capitalist Fund, Mayfield Fund has secured $108 Million for its second India-dedicated fund. Mayfield is one of the oldest venture capital firms that focuses on a technology startups is the US.
Mayfield India focuses on early-stage investments in India, and invests between $2 million and $8 million in companies targeting the consumer services, internet, mobile, technology and technology-enabled services, logistics and agriculture-related business. The fund is managed by Vikram Godse and Nikhil Khattau. Mayfield had previously raised a $111 million India fund in 2008, to invest in the Indian tech, infrastructure and consumer sectors.
“While the macro-economic climate has varied since we started investing in India in 2006, we have learned that India continues to present valuable opportunities to technology and non-technology investors. Two of our key takeaways are that tech-enabled infrastructure solutions can create great value and lifestyle and entertainment products aimed at the consumer middle class can grow into universal brands”, said Navin Chaddha, Mayfield Managing Director in a company press release.
Mayfield’s current investments in India include Amagi Media, Centum Learning, Bharat Matrimony, India Property, Deals and You and others. As per reports the Mayfield India team has invested in over 20 Indian companies in the past, of which seven have had IPOs and another five have been acquired.
Via TechCrunch
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Source: http://www.watblog.com/2014/02/19/us-based-mayfield-raises-108-million-india-focused-fund/
