SYN Ventures, LDV Partners to take control of Tata Communications unit

Tata Communications is selling a majority stake in NetFoundry to US-based VCs SYN Ventures and LDV Partners, reducing its ownership from 100% to 11.49%. NetFoundry, spun off in 2019, focuses on secure networking. SYN Ventures invests in cybersecurity and related fields, while LDV Partners targets AI and biotech startups.