Overview
India is experiencing dramatic growth across a multitude of sectors –
- GDP growth touched 9.3% in 2006.
- 300 million-strong middle class consumers are fueling exponential demand for products and services.
- Exit opportunities for venture- and private equity-backed startups are plentiful as the Bombay Stock Exchange rises and merger and acquisition activity increases.
Many people still equate India with off-shoring of IT services as a result of the impressive rise of Infosys, TCS, and Wipro. However the opportunities in the services economy don’t stop with just IT capabilities, as WNS, EXL services, First Source and others are proving in other business/knowledge process outsourcing BPO/KPO categories. In addition, over the past five years Indian companies have vaulted new sectors to prominence on the global stage including technology (iFlex, Naukri, Rediff), manufacturing (Bharat Forge), pharmaceutical (Ranbaxy, Dr. Reddy’s Lab), infrastructure (Reliance Industries), energy (Suzlon), retail (Pantaloon), telecom (Bharti), financial services (Indiabulls), media (NDTV), and hospitality (Taj Group).
Investment activity in India is up as well, with private equity and venture investment tripling to $7.5 billion in 2006. Mayfield joined the cadre of India investors in 2006 with a direct investment in Tejas Networks and in the Seedfund, an early-stage technology fund.
We focus on companies with substantial operations in India that have the potential to become global leaders, with a special interest in technology, technology enabled services, consumer services, infrastructure, healthcare services and manufacturing opportunities.
So if you are the founder of a high-growth company or an industry executive looking for your next challenging assignment, please contact the Mayfield Fund.
Click here to view the Mayfield Fund Investing in India brochure.
