Date:25/07/2008 URL: http://www.thehindu.com/2008/07/25/stories/2008072551451600.htm

Business - Briefly

Mayfield Fund, SVB invest $11 m in Geodesic

BANGALORE: Geodesic Techniques, a leading player in steel-based construction, has received an investment of $11 million (Rs. 45 crore) from Mayfield and SVB in return for a minority stake. Mayfield led the round. The funds will be utilised for setting up a steel fabrication unit in Bidar, and for other working capital requirements, says a release.