Predict your next investment

Venture Capital
matrixpartners.in

See what CB Insights has to offer

Investments

186

Portfolio Exits

12

Funds

4

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.

Matrix Partners India Headquarter Location

Ceejay House #306 Annie Besant Road, Worli

Mumbai, 400 018,

India

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Matrix Partners India

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Matrix Partners India in 1 CB Insights research brief, most recently on Dec 13, 2021.

Latest Matrix Partners India News

Exclusive: Former Matrix VP’s fast fashion platform set to raise $8 Mn

Jan 18, 2022

Former Matrix Partners India’s Vice President Ankush Goyal incorporated a new entity DSLR Technologies in December to launch a fashion platform with layers of social commerce, according to the company’s regulatory filings. Before starting up, Goyal led investments in the e-commerce space for Matrix Partners – including DealShare which is a Tiger Global and WestBridge Capital funded grocery company in the social commerce space. On the lines of Shein, DSLR’s consumer-facing platform will focus on women and weed out middlemen by connecting consumers directly with manufacturers or brands, said two of Entrackr’s sources aware of the company’s roadmap. “Goyal is building a content plus commerce platform for a mass premium audience. Apart from fashion, it would also cater to categories such as home decor and accessories,” said the second source who also wished not to be named. With this move, Goyal will join the likes of Myntra’s former chief executive Amar Nagaram who is all set to float a customized platform for fast fashion. Nagaram is also finalizing a $25-30 million worth seed round at a valuation of about $100 million. Customer to manufacturers (C2M) platforms such as Cider, Italic and several others have gained ground in the US whereas Shien has managed to establish itself in the MENA and other global regions. “On similar lines, DSLR will focus on women and weed out middlemen by connecting consumers directly with manufacturers across categories”, said two of Entrackr’s sources aware of the company’s roadmap Queries sent to Goyal, Matrix and Accel didn’t elicit any immediate response. We will update the story as and when they respond. Unlike the 2010-14 period when several startups including Zovi, YepMe, Voonik and Freecultr flooded the online fashion market, the fast forward fashion space in India hasn’t seen any notable startups in the past six to seven years. This may change with DSLR and Nagaram’s new venture.

Matrix Partners India Investments

186 Investments

Matrix Partners India has made 186 investments. Their latest investment was in Zupee as part of their Series B - II on January 1, 2022.

CBI Logo

Matrix Partners India Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/5/2022

Series B - II

Zupee

$72M

No

3

12/30/2021

Series C

OneCard

$75M

No

7

12/27/2021

Series C

Jupiter

$87M

No

6

12/21/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

11/23/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/5/2022

12/30/2021

12/27/2021

12/21/2021

11/23/2021

Round

Series B - II

Series C

Series C

Series B

Series B

Company

Zupee

OneCard

Jupiter

Subscribe to see more

Subscribe to see more

Amount

$72M

$75M

$87M

$99M

$99M

New?

No

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

7

6

10

10

Matrix Partners India Portfolio Exits

12 Portfolio Exits

Matrix Partners India has 12 portfolio exits. Their latest portfolio exit was YeLo on November 18, 2021.

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

11/18/2021

Acquired

2

10/4/2021

Acquired

2

3/24/2020

Acquired

4

10/31/2019

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

5/6/2019

Acquired

Subscribe to see more

Subscribe to see more

10

Date

11/18/2021

10/4/2021

3/24/2020

10/31/2019

5/6/2019

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

2

2

4

10

10

Matrix Partners India Fund History

4 Fund Histories

Matrix Partners India has 4 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

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

Fund Type

Status

Amount

$320.7M

$99M

$99M

Sources

3

10

10

10

Matrix Partners India Team

6 Team Members

Matrix Partners India has 6 team members, including current Founder, Managing Director, Avnish Bajaj.

Name

Work History

Title

Status

Avnish Bajaj

Founder, Managing Director

Current

Rishi O. Navani

Founder

Current

Rishi Navani

WestBridge Capital, and McKinsey & Company

Founder

Current

Rustom Batlivala

Chief Financial Officer

Current

Tarun Davda

Managing Director

Current

Name

Avnish Bajaj

Rishi O. Navani

Rishi Navani

Rustom Batlivala

Tarun Davda

Work History

WestBridge Capital, and McKinsey & Company

Title

Founder, Managing Director

Founder

Founder

Chief Financial Officer

Managing Director

Status

Current

Current

Current

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.