Matrix Partners has announced that it has closed two new funds: Matrix Partners China II at $350 million and Matrix Partners India II at $300 million. This brings the total international assets under management to $650 million in China and $600 million in India.
Based in Mumbai, the firm was started in India in 2006 and focuses its investments across significant growth sectors, including Internet and mobile, education, and financial, healthcare and infrastructure services. Matrix Partners India’s investment team is led by Avnish Bajaj, the former co-founder of Baazee.com (acquired by eBay).
In India, Matrix Partners has invested in askLaila, ace2three, FIITJEE, itzCash, Quikr, Brand Marketing India, Centre for Sight, Chetas, MIPS, Muthoot Finance, Tree House and Ver Se.