Early-stage venture capital firm, Matrix, has rebranded its affiliates in India and China, reflecting a growing trend among venture firms to distance themselves from China investments. Effective July 1, Matrix Partners India becomes Z47, ( Zee-47) while Matrix Partners China will be known as MPC. The parent company will retain...
India’s Ola Electric Mobility Raises $56 Million
Bangalore, India -based Ola Electric Mobility Pvt. Ltd raised $56 million from existing investors New York City's Tiger Global Management and San Francisco's Matrix Partners' subsidiary in India. Ola Electric Mobility is a division of cab aggregator Ola which plans to launch 10,000 three-wheeled and other electric vehicles on Indian...
Matrix Partners Invest in India's Dairy Startup Country Delight
Palo Alto, CA-based Matrix Partners' subsidiary Matrix Partners India led an investment of $10 million in Guragaon-based dairy startup Country Delight. Matrix’s previous investment in the dairy space was on milk and grocery delivery startup DailyNinja. "We have been tracking Country Delight for more than a year now and have...
Matrix Partners India Announce New $300 Million Fund
Matrix Partners India, a subsidiary of San Francisco, CA-based Matrix Partners, announced the closing of its third fund with a committed capital of over $300 million. This follows the over $100 million Extension fund closed in 2016. The private equity investment firm has backed more than sixty startups to date,...