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Matrix Partners To Raise $450 Million Fourth India Startup Fund

A $450 million India fund is what Matrix Partners India intends to raise. Through this fund, the business will help entrepreneurs in India for the fourth time.

According to regulatory filings with the Securities and Exchange Commission in the United States, Matrix Partners India, a pioneering investor in businesses including Ola, payments processor Razorpay, media aggregator and short video player Dailyhunt, and others, will introduce a $450 million India fund. This fourth India-focused fund from Matrix Partners will make investments in businesses operating in South Asian and Indian markets.

Competitors of Matrix include AccelNSE 0.76 percent, SequoiaCapital, and Lightspeed, all of which have raised or are presently attempting to raise larger sums for the Indian market. A huge $2.85 billion was raised across three funds.

according to a July 14 announcement from Sequoia India, to be used for investments in the Indian and Southeast Asian sectors. Sequoia would allocate $300 million for investment vehicles, including its seed-stage fund Surge.

Additionally, Lightspeed Venture Partners’ $500 million fund for investments in Southeast Asia and India is about to expire. In 2019, Matrix already raised $300 million in the capital. Since larger investors like SoftBank, Tiger Global, and others have indicated that dealmaking will cease and have urged each of their portfolio companies to conserve capital and get ready for a downturn, this fundraising effort is crucial. Early-stage investments are unaffected, though.

“Tiger Global entered the early-stage market in India as well, presumably moving away from late-stage investments due to macroeconomic headwinds and a steep decline in the value of its listed portfolio companies during the market sell-off. with more than 100 ventures in India, Matrix claims to have assets worth $1 billion. Investments range from media and healthcare to agritech and direct-to-consumer businesses.” 

The startup ecosystem in India is currently experiencing a slowdown in the inflow of funding, which is likely to become more apparent in the coming months. This is why the VC company announced the financing. But the additional financing that these well-known VC firms have received is also encouraging for Indian enterprises.

All of the main India-focused venture capital firms are considering growing the size of their funds, according to a previous article. It was stated that 93 funds had an $8.9 billion target size in January 2022, compared to 81 similar funds with a $7.8 billion target size in January 2021.

About Matrix Partners 

A US-based private equity investment company called Matrix Partners specializes in venture capital investments. The business invests in early-stage and startup companies, primarily in the software, semiconductor, communications, data storage, Internet, or wireless industries, in both India and the United States. The company includes locations in Cambridge, Massachusetts; Mumbai, India; and Beijing, China in addition to its headquarters in Palo Alto, California. 

About Matrix Partners India

With 1,500 crores of INR under management, Matrix Partners India is an investment company. With a sector-independent investment strategy aimed at producing outstanding returns, the company makes investments in businesses that cater to the domestic Indian market. Depending on the business’s development stage, the corporation may invest up to INR 125 crores in it.

Previous investments have been made in Tree House, Itzcash Card, and FIITJEE. Universities endowments and family foundations are two of the investors in the Mauritius fund. With $2 billion under management, Matrix Partners manages a global network of funds that invest in the US, China, and India. 

The Venture Capital Market: What Is It?

Venture capital (VC) is a type of private equity and a form of finance that investors offer to start-up enterprises and small businesses with the expectation that they would see long-term growth. Wealthy investors, investment banks, and other financial institutions are typical providers of venture capital.

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Faq’s 

How many funds have been raised in the fundraising round?

$450M

How many times has Matrix raised funds in India?

3

Where will India-focused funds from Matrix Partners make investments?

In South Asian and Indian markets.

Matrix has already invested in which Indian companies?

Razorpay, Ola, Dailyhunt, etc.

Where is Matrix Partner based?

US

Matrix Partners is a private or public company?

Private

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