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 Now Has the Third Largest Startup Ecosystem in the World
The Hurun Research Institute's report Hurun India Future Unicorn List 2021, ranks India’s startups founded in the 2000s, worth at least $200 million, not yet listed on a public exchange, and most likely to ‘go unicorn’ within 2 years (Gazelles) or 4 years (Cheetahs). Per the report, India is the...
Sequoia Capital Raises $1.35 Billion For India and SE Asia
Sequoia Capital announced that it has received commitments of $1.35 billion for new investments in India and southeast Asia.. According to Shailendra Singh, Managing Director, Sequoia India, the three Sequoia India funds will continue to invest across India and Southeast Asia (SEA). They will be used to double down on...
Amazon to Enter Online Food Delivery Business in India
Seattle, Washington-based Amazon Inc., will launch a new service delivering from restaurants ahead of India’s month-long festive season, which starts in September. The company has teamed up with Bangalore-based Catamaran Ventures, founded by IT billionaire Narayana Murthy. Research firm RedSeer Consulting says that India's rising middle class has driven the growth...