Mayfield India And SIDBIVenture Infuse Rs 50 Cr Into Fourcee (08-Mar-2010)
In order to expand tank terminals and to add more containers and grow its infrastructure facilities, Mayfield India Fund and SIDBIVenture have announced to make an investment of Rs. 50 crore in Fourcee Infrastructure Equipment (Fourcee).
According to the company release this new investment reflects Mayfield India Fund''s investment theme of adding value to growth-stage companies in the consumer and infrastructure segment.
At present, Fourcee is the only company engaged on providing end-to-end logistics solutions for liquid cargo through road and railways infrastructure using its own specialised designed containers.
Mr. Vikram Godse, Managing Director of MF Advisors, who would be joining Fourcee''s Board of Directors said the logistics industry in India is going through a structural change and Fourcee struck as a company that is bringing about a transformational change in the way liquid cargo is being transported across India.
Currently, Mayfield Fund has assets worth $2.4 bn under management and has also invested in the US, China and India.
Mayfield Fund is a forty year old venture capital firm with over $2.8 billion under management. Since our founding in 1969, we have raised 13 U.S. funds, one India fund and have assisted our partners at GSR Ventures in raising three China funds. The firm has invested in more than 500 companies, taken more than 100 public, and nearly 100 have merged or were acquired.
Its key sectors of investment include: consumer, enterprise, energy tech, communication service provider and chips and components. We invest across all stages of a company, from incubation and Series A, through growth and later stages.
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