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Venture Capital Firm Mayfield said it had closed Mayfield India II, its second India-dedicated fund worth $108 million (₹670 crore).
Mayfield usually invests $2-8 million in start-ups in the infrastructure, technology, tech-enabled services and consumer middle-class space.
Navin Chaddha, Managing Director, Mayfield, said: “We have learnt 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.”
In India, Mayfield has invested in Amagi Media, Centum Learning, Genesis Colors, India Property, Bharat Matrimony.com, Securens Systems, Sohanlal Commodity Management, Tejas Networks, and The Beer Café.
The fund would be managed by Navin Chaddha, Vikram Godse, and James Beck, advised by MF Advisors, and Nikhil Khattau.
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