Mayfield Launches India Fund

Mayfield Fund has finally launched its maiden India fund — Mayfield India I — with a $110 million corpus (see the press release at peHUB). The firm set up shop here in 2006 with an investment team comprising of Nikhil Khattau, Vikram Godse, Navin Chadha and Robin Vasan. In September the Silicon Valley-headquartered Mayfield closed the $395 million Mayfield Fund XIII, which is a US-focused fund, in what can best be described as a hostile fund-raising environment. The India fund has been in the pipeline for close to a year now.

The firm already has a few investments in India — Consim, Geodesic Techniques, Seedfund, Tejas Networks, Servomax, Paymate, Genesis Colors. Tejas and Seedfund were its first two investments here.

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