The funds would be utilised for setting up a steel fabrication unit in Bidar and for other working capital requirements, a company press release said.
Geodesic is a design and build player specialising in steel-based construction and signature structures.
The company is involved in projects like Mumbai and Delhi International Airports.
The company has to its credit corporate customers and end-users such as Infosys, TCS, L&T, GVK and GMR.
Also Read
It is currently in the midst of an aggressive expansion plan and the fund infusion is expected to help meet its growth objectives.
Mayfield has been an active investor in India. This marks its sixth investment in India, following investments in Tejas Networks, Satya Paul, Bharat Matrimony, Servomax and Paymate.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app