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Matrix Partners India

Founders Avnish Bajaj Rishi Navani

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 240
Average round size
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The average size of a deal this fund participated in
$17M
Portfolio companies 124
Rounds per year 13.33
Lead investments 71
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.47
Exits 9
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Internet
  • Financial Services
  • E-Commerce
  • Software
  • Information Technology
Summary

Matrix Partners India is the famous VC, which was founded in 2006. The leading representative office of defined VC is situated in the Mumbai. The fund was located in Asia if to be more exact in India.

The fund is generally included in 7-12 deals every year. Deals in the range of 10 - 50 millions dollars are the general things for fund. The higher amount of exits for fund were in 2019. Comparing to the other companies, this Matrix Partners India performs on 24 percentage points less the average number of lead investments. Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations. When the investment is from Matrix Partners India the average startup value is 100-500 millions dollars. The high activity for fund was in 2019.

The fund was created by Avnish Bajaj, Rishi Navani. The overall number of key employees were 5.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - India. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are SaaS, Mobile. Among the various public portfolio startups of the fund, we may underline Olacabs, Shopclues, Ola Electric

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Matrix Partners India, startups are often financed by Matrix Partners, Sequoia Capital India, Tiger Global Management. The meaningful sponsors for the fund in investment in the same round are Omidyar Network, Kunal Shah, Tiger Global Management. In the next rounds fund is usually obtained by Tiger Global Management, Omidyar Network, Falcon Edge Capital.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Matrix Partners India:
Typical Co-investors
Matrix Partners India is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Matrix Partners India:

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Funds with similar focus located in India:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Neysa

Information Services
Information Technology
Software
22 Oct 2024 Mumbai, Maharashtra, India

Atomicwork

Information Technology
Internet
SaaS
$3M18 Sep 2024 San Francisco, California, United States

Seeds Fincap

$8M17 Jul 2024 Gurgaon, Haryana, India

dezerv.

Financial Services
FinTech
$35M09 Jul 2024 Mumbai, Maharashtra, India

Rocketlane

Customer Service
Project Management
$24M25 Jun 2024 Walnut, California, United States

Amica Finance

$2M21 Jun 2024 Mumbai, Maharashtra, India

GreyLabs AI

Software
$1M18 Jun 2024 Mumbai, Maharashtra, India

Trampoline

Furniture
Home Decor
Wholesale
$5M13 Jun 2024 London, England, United Kingdom

Foxtale

$19M12 Jun 2024 Mumbai, Maharashtra, India
News
Dukaan Raises $11M in Pre-Series A Funding

– Dukaan is a Bengaluru, India-based platform for merchants with zero programming skills to set up their e-commerce site.
– Company raised $11m in pre-Series A funding round.
– The round was led by 640 Oxford Ventures with participation from Snow Leopard Ventures, Lightspeed Partners, Matrix Partners India, Venture Catalyst, HOF Capital, Old Well Ventures, LetsVenture, 9Unicorns and angels Ritesh Agarwal, and Carl Pei.
– The new investment will be aimed at expanding the company’s business reach and technology efforts.

Zupee Raises $30M in Series B, at Over $500M Valuation

– Zupee from India is an online skill-based gaming platform startup.
– The company closed a $30m Series B funding at over $500M valuation.
– The round was co-led by WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India.
– The new investment will be used to scale efforts through expansion of product portfolio and market reach and hiring of global talent.

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Total investments 240
Average round size 17M
Rounds per year 13.33
Peak activity year 2021
Lead investments 71
Follow on index 0.47
Exits 9
Group Appearance index 0.85

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Neysa

Information Services
Information Technology
Software
22 Oct 2024 Mumbai, Maharashtra, India

Atomicwork

Information Technology
Internet
SaaS
$3M18 Sep 2024 San Francisco, California, United States

Seeds Fincap

$8M17 Jul 2024 Gurgaon, Haryana, India

dezerv.

Financial Services
FinTech
$35M09 Jul 2024 Mumbai, Maharashtra, India

Rocketlane

Customer Service
Project Management
$24M25 Jun 2024 Walnut, California, United States

Amica Finance

$2M21 Jun 2024 Mumbai, Maharashtra, India

GreyLabs AI

Software
$1M18 Jun 2024 Mumbai, Maharashtra, India

Trampoline

Furniture
Home Decor
Wholesale
$5M13 Jun 2024 London, England, United Kingdom

Foxtale

$19M12 Jun 2024 Mumbai, Maharashtra, India
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