Mayfield raises $108 million for second India focused startups fund

Washington, Feb. 19: Mayfield Fund has reportedly announced the closure of its second India-focused fund with108 million dollars raised to invest in startups in the country.

Managed by Mayfield India II Management, including the firm’s managing director Navin Chaddha, and partners Vikram Godse, and James Beck, Mayfield India II team has invested in over 20 Indian companies in the past.

According to Tech Crunch, the fund itself focused on early-stage investments in India, and invested between 2 million dollars and 8 million dollars in companies targeting the infrastructure sector, tech and tech-enabled services, and the consumer middle class in the country.

Chaddha said that while the macro-economic climate has varied since the company started investing in India in 2006, it was learned that India continued to present valuable opportunities to technology and non-technology investors. (ANI)