Mayfield steps up in India

US venture capital firm Mayfield has stepped up its India focus with the appointment of two local investment professionals and a new office in Mumbai.

Mayfield Fund, a Silicon Valley venture capital firm with interests in China and India, has added two investment professionals – Nikhil Khattau and Vikram Godse – to a new office the firm has opened in Mumbai.

The latest appointments follow that of Navin Chaddha, who joined the firm’s Menlo Park’s operations in September last year, and the completion of two direct investments in India during the past six months.

Khattau has twelve years of investing experience in public markets and private equity; he was the founding chief executive officer of SUN F&C Asset Management, now a part of the Principal Financial Group with over $350 million under management.

Godse, with seven years of experience in private equity and venture capital, was a founding member of JM Financial Investment Managers, a multi-sector India-focused private equity fund. He has also worked for Cisco’s investment arm in India where he led the investment in Bharti Telesoft and Infinity Venture Fund, one of the earlier India venture capital firms.
Khattau and Godse will double the size of Mayfield’s India team.

The team is focusing on technology, consumer services, retail, infrastructure services, power, healthcare services and manufacturing sectors for investment from its $375 million fund.