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"In India, the opportunity today is on the non-tech side"

Navin Chaddha of Mayfield Fund on why it is a great time to invest in technology in the US

Photographs by Dawid Bilski

He heads one of the oldest venture capital firms on Menlo Park’s iconic Sand Hill Road. But Navin Chaddha’s Indian roots run deep. The 42-year-old serial entrepreneur-turned-investor is an avid Bollywood fan (favourite film: Dilwale Dulhaniya Le Jayenge) and plays cricket every fortnight. He is also the reason Mayfield Fund has a strong India presence — the 44-year-old fund, which manages over $3 billion currently, is investing out of a 14th fund in the US and has a dedicated fund for investing in India: the $111-million Mayfield India Fund.  Chaddha has made over 35 investments at Mayfield, of which 12 have had IPOs  and another 12 have been acquired, such as Makemytrip and SolarCity (Nasdaq IPOs) and Ankeena Networks (acquired by Juniper Networks) and Pulse (acquired by LinkedIn). Read on to see why he thinks this is an exciting time to be investing in the US, and why he’s a believer in the India story.