Mayfield backs Indian Incubator AngelPrime
Mayfield Fund will take a majority interest in AngelPrime, a Bangalore-based incubator. The investment will be used to support operations as well as seed capital for companies that AngelPrime plans to incubate over the next three years.
Mayfield did not disclose the size of its investment, but according to Reuters the overall size of AngelPrime's incubator fund is less than $10 million. AngelPrime will work closely with entrepreneurs...
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