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Matrix Partners India Raises Third Fund of $300M

The firm will continue to follow its existing investment strategy of backing exceptional founders in their effort to build market leading companies at the seed, early and early growth stages across sectors.

Matrix Partners India, one of India’s leading early stage venture capital firms, announced the closing of its third fund with committed capital of over $300 million. This follows the over $100 million Extension fund closed in 2016.
 
Matrix India’s current portfolio includes market leading companies like Ola, Quikr, Practo, Five Star Business Finance, Dailyhunt, Mswipe, Limeroad, OfBusiness and Treebo among others.
 
The firm will continue to follow its existing investment strategy of backing exceptional founders in their effort to build market leading companies at the seed, early and early growth stages across sectors. The firm’s advisory arm is led by Avnish Bajaj, Tarun Davda and Vikram Vaidyanathan. Matrix Partners India has made recent investments in DailyNinja, Itilite, MoEngage, Stanza Living, Vogo, and Ziploan.
 
“We are grateful for the continued support of our limited partners. This is an exciting time to be an entrepreneur in India – mobile internet led leapfrogging is underway across sectors and increasing GDP per capita and consumerism will have a multiplier effect on scaling businesses. We also thank the founders in our portfolio and those outside for being our inspiration and supporters on this journey together,” commented Avnish Bajaj.
 
Matrix Partners India counts leading university endowments, foundations and financial institutions across North America, Europe and the Middle East as its investors.


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