Investments
215Portfolio Exits
21Funds
5About Matrix Partners India
Matrix Partners India is an investment firm with INR 1,500 crores under management. The firm invests in companies targeting the Indian domestic market with a sector independent investment strategy focused on generating exceptional returns. The firm invests up to INR 125 crores in a company depending on its stage of development and has invested in several companies including FIITJEE, Itzcash Card, and Tree House. The Mauritius fund's investors include university endowments and family foundations. Matrix Partners has a global network of funds investing in the US, China and India with $2 billion under management.

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Research containing Matrix Partners India
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CB Insights Intelligence Analysts have mentioned Matrix Partners India in 5 CB Insights research briefs, most recently on Oct 17, 2022.
Latest Matrix Partners India News
Jan 13, 2023
This week, early-stage startups lead funding rounds from marquee investors, and this momentum is likely to sustain. +0 Share on This week, the Indian startup ecosystem saw positive movement in funding, with venture capital firms and marquee investors putting in their capital in startups in the early-stage category. Indian startups raised $217 million in funding in the second week of January, lower when compared to the previous week's $251 million, where a single $100 million transaction provided the much-needed funding boost. More importantly, marquee investors, including Sequoia Capital, Accel, and Matrix, to name a few, have started to put their money into Indian startups. The funding during this week is a continuation of the trend witnessed in the second half of last year, which is of capital flowing into the early-stage category. This momentum is likely to sustain in the near future. Key transactions Furniture and home improvement brand Wakefit.co raised $40 million from Investcorp, Sequoia Capital India, Verlinvest, and SIG. Edtech startup LEAD raised $20 million in debt from Stride Ventures, Alteria Capital, Standard Chartered Bank, HDFC Bank, and ICICI Bank. VilCart , a B2B startup, raised $18 million from Asia Impact SA, Nabventures Fund, and Texterity Private Limited. Edtech startup Toddle raised $17 million from Sequoia Capital India, Tenacity Ventures, Trifecta Capital, Matrix Partners, Beenext, and Better Capital. Park+ , a Gurugram-based super app for car owners, raised $17 million (Rs 140 crore) from Epiq Capital, Matrix Partners India, and Sequoia Capital India. Food brand The Whole Truth (TWT) raised $15 million from Sequoia Capital India, Matrix Partners India, Sauce.VC, and angel investors. Agritech startup CropIn raised $13.8 million (Rs 113 crore) from Google, JSR Corporation, ABC Impact, and Chiratae Ventures. WorkIndia , a job portal, raised $12 million from SBI Holdings, Tokyo, the founding family of Nintendo, Yamauchi No.10 Family Office, Persol, and Insitor. Brick&Bolt , a construction startup, raised $10 million from Accel and Celesta Capital. Senior care services provider Athulya raised $9.3 million (Rs 77 crore) from North Haven India Infrastructure Partners. Healthcare edtech startup Virohan raised $7 million from Blume Ventures, Bharat Inclusion Seed Fund, Rebright Partners, and Lesing Artha Limited. Actyv.ai , a SaaS startup with financial services on offer, raised $7 million from 1Digi Ventures, a family office based out of Singapore. Live-commerce platform Peepul Tree , which connects Indian artisans and their craftsmanship to global consumers, raised $6 million led by Elevar Equity. ApnaKlub , B2B wholesale firm, raised $6 million from TrueScale Capital and ICMG Partners. Edited by Suman Singh
Matrix Partners India Investments
215 Investments
Matrix Partners India has made 215 investments. Their latest investment was in Toddle as part of their Series A - II on January 1, 2023.

Matrix Partners India Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
1/10/2023 | Series A - II | Toddle | $17M | No | 5 | |
12/27/2022 | Series B | The Whole Truth | $11M | No | 16 | |
12/3/2022 | Series C | Park+ | $16M | No | 4 | |
9/21/2022 | Series A | |||||
9/13/2022 | Unattributed VC |
Date | 1/10/2023 | 12/27/2022 | 12/3/2022 | 9/21/2022 | 9/13/2022 |
---|---|---|---|---|---|
Round | Series A - II | Series B | Series C | Series A | Unattributed VC |
Company | Toddle | The Whole Truth | Park+ | ||
Amount | $17M | $11M | $16M | ||
New? | No | No | No | ||
Co-Investors | |||||
Sources | 5 | 16 | 4 |
Matrix Partners India Portfolio Exits
21 Portfolio Exits
Matrix Partners India has 21 portfolio exits. Their latest portfolio exit was Chumbak on January 12, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/12/2023 | Acquired | 13 | |||
12/8/2022 | Corporate Majority | 4 | |||
11/29/2022 | Acquired | 19 | |||
Date | 1/12/2023 | 12/8/2022 | 11/29/2022 | ||
---|---|---|---|---|---|
Exit | Acquired | Corporate Majority | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 13 | 4 | 19 |
Matrix Partners India Fund History
5 Fund Histories
Matrix Partners India has 5 funds, including Matrix Partners India III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
12/17/2018 | Matrix Partners India III | $320.7M | 3 | ||
4/21/2016 | Matrix Partners India II | ||||
12/31/2007 | Matrix Partners India I | ||||
Matrix Partners India II Extension | |||||
Matrix Partners India IV |
Closing Date | 12/17/2018 | 4/21/2016 | 12/31/2007 | ||
---|---|---|---|---|---|
Fund | Matrix Partners India III | Matrix Partners India II | Matrix Partners India I | Matrix Partners India II Extension | Matrix Partners India IV |
Fund Type | |||||
Status | |||||
Amount | $320.7M | ||||
Sources | 3 |
Matrix Partners India Team
7 Team Members
Matrix Partners India has 7 team members, including current Founder, Managing Director, Avnish Bajaj.
Name | Work History | Title | Status |
---|---|---|---|
Avnish Bajaj | eBay, Baazee.com, Goldman Sachs, and Apple | Founder, Managing Director | Current |
Name | Avnish Bajaj | ||||
---|---|---|---|---|---|
Work History | eBay, Baazee.com, Goldman Sachs, and Apple | ||||
Title | Founder, Managing Director | ||||
Status | Current |
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