How Matrix Partners changed track14 min read 14 Sep 2016, 02:52 AM IST
Matrix Partners India's founder MD Avnish Bajaj is steering the firm's transition to a pure-play venture capital shop, which will return to the fundraising game in 2017
Mumbai: It is unusual for a venture capital firm focused on India’s hyperactive start-up market to not raise a fund every three or four years. In April, Matrix Partners India completed five years since it raised its last fund. A new fund, the Mumbai-based firm’s third for this market, was in order. But instead of pitching for one with its limited partners, it decided to go with a $110 million top-up on its existing $300 million fund.
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