US based VC fund, MayField has raised a second India fund worth $108 million, the company said.
MayField invests between $2 mn – $8 mn in early-stage tech infrastructure startups in India.
It will be aiding tech-enabled infrastructure solutions and mobile based tech-enabled solutions in India. Very recently, IDG ventures raised funding from CA technologies to focus on emerging enterprise startup segment.
Mayfield is currently invested in Amagi Media, Centum Learning and India Property among others.
Inventus Capital had also recently raised a second India fund to support US-India startups.