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Venture Capital
matrixpartners.in

Investments

215

Portfolio Exits

21

Funds

5

About 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.

Headquarters Location

Ceejay House #306 Annie Besant Road, Worli

Mumbai, 400 018,

India

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Latest Matrix Partners India News

[Weekly funding roundup] The funding buzz is back with early-stage startups raising capital

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.

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Matrix Partners India Investments Activity

investments chart

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

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$99M

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10

9/13/2022

Unattributed VC

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10

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+

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Amount

$17M

$11M

$16M

$99M

New?

No

No

No

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Co-Investors

Sources

5

16

4

10

10

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

$99M

13

12/8/2022

Corporate Majority

$99M

4

11/29/2022

Acquired

$99M

19

11/22/2022

IPO

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$99M

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10

10/17/2022

Acquired

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$99M

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10

Date

1/12/2023

12/8/2022

11/29/2022

11/22/2022

10/17/2022

Exit

Acquired

Corporate Majority

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

13

4

19

10

10

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

$99M

10

12/31/2007

Matrix Partners India I

$99M

10

Matrix Partners India II Extension

10

Matrix Partners India IV

10

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

$99M

$99M

Sources

3

10

10

10

10

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

Founder, Managing Director

Current

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Name

Avnish Bajaj

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Work History

Title

Founder, Managing Director

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Status

Current

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