Silicon Valley-based venture capital firm Mayfield Fund has invested an undisclosed amount in Tejas Networks, a provider of next-generation optical networking products for global markets and in Seedfund, a seed stage technology venture capital firm.
Although Mayfield has in the past invested in companies whose development centers are in India, as well as in the off-shoring activities of portfolio companies, this announcement marks the venture fund's first direct foray into an Indian company. Mayfield Fund is one of the names which has been making the rounds in investment banking circles as one of the potential investors in boutique i-bank Avendus Advisors (See Related Post).
Read the Business Standard article.
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