Having just raised $575 million for its latest fund, Silicon Valley-based venture capital firm

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Greylock Partners is eyeing deals in segments such as enterprise and consumer software, services and infrastructure ventures. The fund, whose notable investments globally include the likes of RedHat, Facebook, LinkedIn and Digg, entered the country in 2007.

Talking on targets in India, Greylock partner Arvin Babu said investments in the country would happen. “Greylock will use the funds to invest in and support promising enterprise and consumer software, services and infrastructure ventures,” Babu told Financial Chronicle. “We have the same bar and criteria for all geographies and that being: great entrepreneurs, ability for business to scale non-linearly with cost and barrier to entry,” said Babu, who is focused on early stage company investments.

Despite downturn in the venture capital market, Greylock Partners raised $575 million in a new funding round. The firm also announced the addition of a new investing partner, LinkedIn co-founder and executive chairman Reid Hoffman. Greylock’s new funding round comes as the number of venture funds receiving investments hits a 15-year low, according to data from Thomson Reuters and the US-based National Venture Capital Association.

“Over the past 44 years we have partnered with entrepreneurs to build successful businesses, 150 of which have gone on to IPOs and another 100 have gone on to profitable M&A events,” said Greylock partner Aneel Bhusri.