Mayfield closes second India fund
The Mayfield Fund has closed its second dedicated India fund with the equivalent of $108 million in commitments. The firm makes early-stage investments in India, targeting companies in the infrastructure sector, tech and tech-enabled services and the consumer middle class. Mayfield raised $111 million for its first India fund in 2008. However, Managing Director Navin Chaddha told peHUB that because the rupee has depreciated in value over the years, the rupee-denominated second India fund is actually 25% larger than its predecessor.
19 February 2014•3 mins read
