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5 Indian Companies in Which Matrix Partners Invested This Year

Established in 2006, Matrix Partners India is an investment firm with Rs 4,500 crore under management. The firm invests in companies targeting the Indian consumer and enterprise market at the seed, early and early growth stages. Matrix India has invested in several market leading companies such as Ola (local transportation), Quikr (online classifieds), Practo (digital health platform), Dailyhunt (mobile local language platform), Treebo (digital hotel chain), Mswipe (mobile POS), Five Star Finance (SME lending), Razorpay (payments), OfBusiness (credit led B2B marketplace), CreditVidya (Fin-tech SaaS) and ZipLoan (small business lending) among others. Matrix Partners has a global network of funds investing in the US, China and India with US $4 billion under management. Below is a list of Indian companies who have raised funding from Matrix Partners India this year.

Loadshare (raised Series A in April 2018)

Loadshare Networks, India’s fastest growing express logistics network, has raised a Series A investment from Stellaris Venture Partners and existing investor Matrix Partners. The company will use the capital to strengthen its core leadership team, expand geographies, and further invest in its logistics technology platform. Founded in 2017 by Raghu Talluri, Tanmoy Karmakar, Rakib Ahmed and Pramod Nair, Bengaluru-based Loadshare connects small and medium enterprises (SME) in logistics with technology, operations know-how to create an asset light logistics network. It offers services ranging from first mile, line-haul, last mile deliveries and modular logistics software solutions to partners. Loadshare is covering more than 3500 pin codes across North East & East India, all 4 South Indian states, Rajasthan, U.P and key metros.

Elemential (raised Seed funding in April 2018)

Matrix Partners India has invested seed funding in the Mumbai-based blockchain startup, Elemential. Founded in 2016 by Raunaq Vaisoha, Anil Dukkipatty, Sahil Kathpaland Aaryaman Vir Shah, Elemential is a blockchain administration platform that helps developers quickly and easily build and manage blockchain networks at scale, just as Chef does for web apps and Docker does for containers. The round also saw participation from Amrish Rau, Investopad, Digital Currency Group, Hinduja Group, Lightspeed India, Eight Innovate, Amit Ranjan, Prashant Malik and other prominent angel investors. It is also AngelList India’s first syndicate.

Myra (raised Series A in April 2018)

Matrix Partners India and Times Internet have co-led a Series A round of funding for Myra, a company that is transforming the way people buy medicines. Bengaluru-based Myra had previously raised an undisclosed seed round led by Matrix Partners India. Select entrepreneurs and angels have also invested in Myra including Pranay Chulet, co-founder & CEO of Quikr, Prashant Malik, co-founder & CTO of LimeRoad, Vamsi Duvvuri, Associate Director of Vy Capital and Pankaj Gupta, Ex Director-Product of Twitter among others. Founded in 2015 by Faizan Aziz and Anirudh Coontoor, Myra uses cutting edge technology to enable its customers to get access to medicines at an affordable price from the convenience of their homes.

Avail Finance (raised Series A in March 2018)

In March, Matrix Partners India announced Series A investment in Avail Finance, a Bengaluru based online lending platform. In addition to Matrix Partners India, Bhavish Aggarwal and Ankit Bhati, Ola’s co-founders, Binny Bansal, co-founder & group CEO of Flipkart, Kunal Shah, founder of Freecharge; and Manish Patel, founder and CEO of Mswipe, have also participated in the Series A funding round. Avail Finance has raised a total of $17.2M which includes debt and credit lines from multiple NBFCs. Avail Finance has been founded by Ankush Aggarwal and Tushar Mehndiratta in February 2017 with a vision to include the under-banked urban masses of India within the financial umbrella, providing them with easy access to loans and an opportunity to build credit history.

Anaek (raised Seed funding in March 2018)

In March, Matrix Partners India announced a seed round of investment in Delhi-based Anaek, a SaaS company that streamlines and simplifies daily business processes through instant messaging. Ujjwal Grover and Kanav Abrol founded Anaek, to automate routine business processes related to human resources and office administration functions such as employee attendance, time tracking, expense filing and office management.

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