It had been eight years since Matrix Partners India raised a new fund. Photo: Abhijit Bhatlekar/MintBengaluru: Nearly eight years after raising its last full-sized fund, venture capital (VC) firm Matrix Partners India has raised a new fund of $300 million with plans to invest it in early-stage startups across emerging sectors and expand its current investment team. In 2011, Matrix raised its second fund, which also had a corpus of $300 million. Matrix Partners India is the local franchise of US-based Matrix Partners, which currently has at least $4 billion under management. Top-tier VC firms such as Sequoia Capital, SAIF Partners and Nexus Venture Partners have all closed new funds over the past 6-7 months.

Source: Mint January 08, 2019 21:11 UTC