Matrix Partners India announces Fund IV

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Bangalore/Delhi/Mumbai, Thursday, May 25th, 2023: Matrix Partners India, a leading India-focused venture capital firm, announced the closing of its latest fund with over $550 million in commitments.

India, the 5th largest economy in the world with approximately $3.5 trillion of GDP, is projected to grow to a $10 trillion economy over the next decade. With one of the world’s best digital infrastructures, built and scaled in partnership between government and start-ups, India’s digital GDP is forecasted to reach $2 to $3 trillion in this period. This macro backdrop provides founders an exciting opportunity to create disruptive businesses, a strong legacy, and value for all stakeholders.

With the new fund, Matrix Partners India will continue to follow its existing “founders first” investment strategy of backing exceptional founders in their effort to build category-defining companies. The firm will continue to focus on seed, early and early growth stages across sectors and has already been investing from the new fund.

The Matrix team thanks all founders for the privilege of their partnership that drives the firm and looks forward to expanding this community. The team remains invested, excited, privileged, and grateful to participate in the digital nation building of India.

The firm is also incredibly lucky to have long term investors and is deeply grateful for their belief and support.

Matrix Partners India has also expanded its physical presence and team in NCR with a new address in Gurugram as it seeks to support and participate in one of India’s most thriving start up ecosystems.

Team Matrix Partners India

About Matrix Partners India:Founded in 2006, Matrix Partners India invests in companies targeting the Indian consumer and enterprise market, and has invested in several category-leading companies such as Dailyhunt (Local language platform), Five Star Business Finance (SME Lending), OfBusiness (B2B commerce, fintech), Ola (Mobility), Ola Electric (Electric Vehicles), OneCard (Mobile-first credit card), Oxyzo (Tech-enabled smart financing), Razorpay (Payments), Captain Fresh (B2B seafood marketplace), Country Delight (D2C dairy & fresh foods brand), GoKwik (E-commerce enablement platform), Jupiter (Neobank), MoEngage (Customer engagement platform), Mswipe (Mobile POS), Stanza Living (Tech-enabled student housing platform) and Zupee (Skill-based gaming) among others. Matrix Partners India has advisory offices in Bangalore, Delhi and Mumbai. Further information is available at To know more about our investment philosophy & ideologies, check out the #MatrixMoments podcast series.

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