Matrix Partners

In an exclusive interaction, Vaidyanathan, managing director of what was earlier Matrix Partners India, and Vivek Mandhata, MD and partner, BCG India, highlight the growing appeal of fintech NBFCs and wealth management startups.

Seeds Fincap raises $8.5 mn from Lok Capital, Matrix

The small businesses-focused lender will be using the funds to expand lending capabilities, enhance technological infrastructure, and broaden branch footprint, as per an official statement

Matrix Partners’ India arm to rebrand as Z47, China arm to be known as MPC

The new name is inspired by India’s journey towards a developed country by 2047, with India’s founder and digital ecosystem at the heart of its growth story, says Matrix Partners India

Former Swiggy executive Karthik Gurumurthy raises $3 million from Matrix for new startup

The round is being led by Matrix Partners India which is investing $2 million while the remaining amount will come in from a clutch of angel investors.

Info Edge writes off entire investment in B2B marketplace Bijnis

Info Edge stated in its filing that it has written off the investment because it has lost its inherent value and that raising future capital is uncertain.

Founders need to have realistic expectations post the downturn, Matrix Partners believes as it closes its largest-ever fund

Balaraman and Tarun Davda, Partner and Managing Director of Matrix Partners India, spoke to Moneycontrol after closing their fourth India-dedicated fund, raising $525 million. Along with General Partner Commitment and employee participation, the fund was closed at $550 million, the two partners said. This fund is the largest ever raised by the venture capital firm and will be used to invest in around 45-50 companies.

Matrix Partners expands India-focused fund to $525M amid funding winter

Even as Matrix was one of the most active startup investors, the VC firm halved its investments in 2022 from a year earlier, when the VC participated in 22 rounds, data by Tracxn Technologies showed. This year, the VC has not participated in a single deal yet

Treebo co-founder Rahul Chaudhary joins Matrix Partners as investor

Chaudhary’s Treebo is backed by Matrix Partners along with other VC firms including Elevation Capital, and Bertelsmann India.

Merak Ventures, Huddle launch accelerator programme to back climate tech startups

Accel, Matrix Partners, Sequoia Capital, Aavishkar Capital, Lok Capital, Nexus Venture Partners, and Stellaris Venture Partners have participated as ClimAct’s fund partners

Winter is here! PE/VC funding to Indian startups slowed more than 20% in first 9 months of 2022

With the pandemic receding and inflation rising, central banks have been rolling back excess liquidity from the banking system and are raising rates to tame inflation, resulting in money becoming expensive. Investors (both private and public market) have thus cut back on their investments this year

Exclusive | WestBridge Capital raises $1.5 billion in largest-ever commitment for Indian companies

Westbridge Capital joins a growing list of PE and venture capital (VC) firms to raise large funds for India-focused companies

OneCard enters unicorn club, raises over $102 million, led by Temasek Holdings

Post this round, the promoters will continue to hold a 29.99 percent stake in the start-up.

Matrix-backed agritech firm Vegrow raises $25 million in Series B funding led by Prosus

Co-founder Shobhit Jain said Vegrow is betting on the fruit market in India, which the company expects to be valued at $60 billion

Early-stage VC investments in Q1FY23 up 30% on year even as growth-stage investments come under pressure

However, late-stage investments fell over 11% to $9.1 billion during the first quarter of 2022-23 from $10.3 billion a year earlier, according to data compiled by analytics firm Tracxn Technologies.

Ola, Razorpay backer Matrix Partners to raise $450 mn in new India-focused fund

VC firms have seen their Indian tech portfolio companies growing exponentially in terms of valuation over the last decade, thanks to the acceleration of digital adoption and rising consumer incomes.

Ola Electric scooter launched: Founder Bhavish Aggarwal calls it the best ever made

The Bhavish Aggarwal-led firm, spun off from ride-hailing firm Ola, is setting up a 500-acre factory in Tamil Nadu's Krishnagiri, with an aim to make 10 million vehicles a year at full capacity- making it the world's largest two-wheeler factory.

Rahul Chaudhary steps down as Treebo co-founder, to stay on company board

Treebo which had been fighting a battle with online travel agency (OTA) MakeMyTrip also got a boost from a Competition Commission of India directive that allowed Treebo and its rival FabHotels to relist their properties on the OTA in March.

Comment | Ola’s Rs400crore EV investment is putting the cart before the horse

Ola’s electric vehicle plans are a leap from being a cab-hailing company. To make it a success, it may have to take one more leap, by setting up the required EV infrastructure.

Chatbot developer Anaek raises seed funding from Matrix Partners

Bots developed by Anaek are listed on the Slack app store and can be deployed across operating systems and devices.

A joyless house? Housejoy co-founders exit own startup post board decision

At least three sources confirmed that ex-Flipster Saran Chatterjee kept the founders out of the loop on major decisions. Co-founders Arjun Kumar and Sunil Goel are no more part of the startup, as result of a board decision

Flipkart's Sachin Bansal expresses solidarity with Stayzilla CEO

Flipkart's co-founder Sachin Bansal tweeted saying “Let the law take its course, but intimidation of #stayzilla founders crosses a line. It's unhealthy for entrepreneurship in India.”

Online healthcare startup Practo raises $55mn in funding

The series D funding also saw participation from three new investors -- u-Net, RSI Fund (owned by Recruit Holdings) and Thrive Capital. With this, the company has raised close to USD 180 million so far.

Housejoy Celebrates Mother`s Day with Single Mothers of India

It’s not easy being a Single mother in India. Single mothers have to fulfil a much greater responsibility for ...

Housejoy Celebrates Mother`s Day with Single Mothers of India

It’s not easy being a Single mother in India. Single mothers have to fulfil a much greater responsibility for ...

Investors not selling, will take legal recourse: Ola

The Board of ANI Technologies (promoters of Ola) today said "none of its investors are selling stake" and the company "will take legal action against those involved in the malicious and mischievous campaign".