US, India-focused Naya reaches first close on VC fund
Naya Ventures, a US-based VC firm that also invests in India, has reached a first close of $50 million on a fund targeting the mobile and cloud markets. Its approach involves providing capital and industry expertise to early-stage companies with a view to jump-starting growth.
The fund is headed by Dayakar Puskoor, formerly an executive at Microsoft, Prabakar Reddy and Gowri Shankar. All three are serial entrepreneurs who have helped develop a string of start-ups. At Naya they...
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