Multi-stage VC, Bengaluru
Matrix Partners India
Venture capital firm · Bengaluru · Founded 2006
Quick read
Matrix Partners India (also known as Z47) is a multi-stage VC founded in 2006, targeting seed through early-growth stage startups in India's consumer and enterprise markets. Managing over $1 billion across funds, it backs founders across sectors with a stated 'foundersfirst!' philosophy. The firm extended its most recent fund from $450M to $525M in May 2023.
Key facts
- Founded
- 2006
- Founders
- Avnish Bajaj, Rishi Navani
- Employees
- 11-50
- Sectors
- generalist, consumer, enterprise, ai
- Website
- matrixpartners.in
Investment thesis
Matrix Partners India backs seed, early, and early-growth stage startups in India's consumer and enterprise markets, writing cheques of $10M–$50M on average with a 'foundersfirst!' philosophy that prioritises deep partnership with founders across sectors.
Recent activity
- 2024investmentAnnounced seed investment in Neysa Networks, India's first AI cloud and PaaS startup founded by Sharad Sanghi and Anindya Das. in.linkedin.com
- 2024investmentAnnounced seed investment in SiftHub, an AI platform for sales founded by Manisha Raisinghani. in.linkedin.com
- May 2023fundraiseExtended its then-current India fund from $450M to $525M for the South Asian market. en.wikipedia.org
- 2023pressRebranded the India arm to Z47, separating its identity from the US Matrix Partners brand. x.com
Notable investments
- Neysa NetworksSeed2024in.linkedin.com
- SiftHubSeed2024in.linkedin.com
- Olalinkedin.com
- Practolinkedin.com
- Dailyhuntlinkedin.com
- FiveStar Business Financelinkedin.com
- Quikrlinkedin.com
- Treebolinkedin.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Tarun Davda · Partner & Managing Director
- Aakash Kumar · Investor
- Avnish Bajaj · Founder & Managing Director
- Vikram Vaidyanathan · Managing Director
- Rajinder Balaraman · Director
Sources
Other VCs in India
- Peak XV Partners · Multi-stage VC, India + SEA (ex-Sequoia India)
Explore VCs by sector
Globally
Frequently asked
What is Matrix Partners India?+
Matrix Partners India (also known as Z47) is a multi-stage VC founded in 2006, targeting seed through early-growth stage startups in India's consumer and enterprise markets. Managing over $1 billion across funds, it backs founders across sectors with a stated 'foundersfirst!
Where is Matrix Partners India headquartered?+
Matrix Partners India is headquartered in Bengaluru, India.
When was Matrix Partners India founded?+
Matrix Partners India was founded in 2006 by Avnish Bajaj, Rishi Navani.
What sectors does Matrix Partners India invest in?+
Matrix Partners India focuses on generalist, consumer, enterprise, ai. They primarily invest in these sectors.
How do I prepare for a meeting with Matrix Partners India?+
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