Indian early-stage VC firm Mela Ventures closes maiden fund at $42m

Indian early-stage VC firm Mela Ventures closes maiden fund at $42m

Photo: Mint

Early-stage venture capital firm Mela Ventures, founded by former Mindtree founders Krishnakumar Natarajan and Parthasarathy NS, Wednesday announced that it has raised about $42 million (Rs320 crore) towards the final close its maiden fund MV Core Tech Fund-I.