Ola, Quikr backer Matrix raises $110M for new VC deals

Avnish BajajGlobal venture capital firm Matrix Partners that operates a multi-stage investment practice with an India dedicated fund has raised a fresh corpus of $110 million (Rs 730 crore) to make new investments in early-stage tech startups. However, this is positioned as an interim fund as the firm is now focusing to harvest its past investments […]

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Matrix Partners, others back fin-tech startup Finomena

finomenaFinomena, a fin-tech startup that determines a user’s credit worthiness through big data analytics, has raised an undisclosed amount in funding led by VC firm Matrix Partners India. Kaushal Aggarwal (co-founder and MD of Avendus Capital) and Harshvardhan Chamria from Magma Fincorp also participated in this round, Finomena said in a press statement. Finomena uses […]

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Techcircle Startup Walkabout Pit Stop III – Matrix Partners

On the second day of the Mumbai edition of ‘Techcircle Startup Summit 2015′, Walkabout participants’ first port of call was the Matrix Partners office. Matrix Partners India is an investment firm with Rs 3,000 crore under its management and its investment portfolio has a level of diversity that not many VC funds can boast of. […]

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After layoffs, TinyOwl gets $7.5M more from Sequoia & Matrix

Food-tech startup TinyOwl Technology Pvt Ltd, which recently sacked about 100 staffers as part of a restructuring exercise, has raised $7.5 million (Rs 50 crore) in fresh funding from existing investors Sequoia Capital and Matrix Partners. The development was first reported by The Economic Times, quoting TinyOwl co-founder Harshvardhan Mandad. In response to a Techcircle.in […]

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Razorpay raises $9M from Tiger Global and Matrix

Jaipur-based Razorpay Software Pvt Ltd, an online payment startup, has raised $9 million (Rs 59 crore) in Series A funding led by Tiger Global with participation from Matrix Partners. The company plans to use the funds to scale up its product, build a strong team and to further power its strategic forays into the online […]

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Mswipe raises $25M from Falcon Edge, Ola, Meru Capital & existing investors

Mumbai-based mobile point of sales (PoS) payment services provider Mswipe Technologies Pvt Ltd has raised $25 million (Rs 159 crore ) in its Series C round of funding from hedge funds Falcon Edge Capital and Meru Capital besides cabs aggregator Ola that also happens to be a portfolio company of Falcon Edge. Its existing investors […]

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Online aggregator for branded budget hotels Treebo raises $6M from Matrix and SAIF

Bangalore-based online startup aggregating budget hotels under a single brand Treebo Hotels has raised $6 million (Rs 38 crore) in its Series A round of funding co-led by Matrix Partners India and SAIF Partners, the company said on Tuesday. The firm will use these funds for expanding its network of hotels, developing technology and hiring top talent. […]

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Matrix Partners launches co-working space for startups in Mumbai suburb Powai

Global venture capital firm Matrix Partners Indian unit has tied up with realtor K Raheja Corp to launch a new co-working space in Powai, Mumbai for startups. Named ‘The Space’, the facility will provide infrastructure for 3-6 person startup teams who will be selected by a panel of investors from the Mumbai startup ecosystem. Startups […]

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Matrix leads funding round in marketplace for supplementary education Purple Squirrel

Mumbai-based Purple Squirrel Eduventures Pvt Ltd, which connects students with industry partners for field visits, workshops and hands on experiences, has raised an undisclosed amount in a second round of VC funding led by Matrix Partners India. Existing investor India Quotient, which had invested an undisclosed amount in the company last year, also participated in […]

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LimeRoad raises $30M in Series C round from Tiger Global, Matrix and Lightspeed

Gurgaon-based A.M. Marketplaces Pvt Ltd, which runs social commerce platform LimeRoad.com, has raised $30 million (Rs 188 crore) in Series C round of funding from existing investors led by Tiger Global, the company said on Monday. Matrix Partners and Lightspeed Venture Partners also participated in the round. The startup was set up by Suchi Mukherjee, who […]

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