Mayfield Fund forms $110M India fund
Mayfield Fund has announced a new $110 million fund dedicated to investing in India. This is the Menlo Park, Calif.-based venture firm’s first India fund, and Mayfield says it will target mid-market companies in the technology, consumer and infrastructure sectors.
The team has already invested in six Indian companies: Tejas Netowkrs, Paymate, Consim Info, Genesis Colors, Geodesic Systems and Servomax. Mayfield closed its $395 million U.S.-focused fund in September.
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Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.