Matrix Partners India

Matrix Partners India Advisors LLP is a private equity and venture capital firm based in Mumbai, with additional offices in Bengaluru and Port Louis. Established in January 2006, the firm specializes in seed to early growth stage investments across a wide range of sectors, including financial technology, healthcare technology, eCommerce, software as a service, and consumer products, among others. It typically invests between INR 1 crore and INR 75 crore, and up to USD 30 million depending on the company's stage of development. Matrix Partners India focuses on fostering long-term relationships with entrepreneurs, helping them build industry-leading companies. The firm has a track record of successful investments, contributing to numerous initial public offerings and profitable mergers and acquisitions.

Siddharth Agarwal

vice_president

Rahul Arora

Associate

Nitisha Bansal

Associate

Rustom Batlivala

Executive Director and CFO

Tarun Bhambra

Associate

Atulya Bhat

Associate

Ayush Chamaria

vice_president

Gautam Chhugani

VP

Divyanshi Chowdhary

Investor

Rahul Chugh

Associate

Sumit Gupta

VP

Akshat Jain

vice_president

Anand Khetan

Associate

Aakash Kumar

Principal

Shilpa Maheshwari

Controller and Director Finance

Sanjot Malhi

Director

Sarthak Malhotra

Senior Associate

Anshul Patel

Analyst

Anish Patil

vice_president

Sudipto Sannigrahi

Principal

Jot Sarup

Associate

Samarth Sethi

Associate

Nikhil Singh

Analyst

Ashwin Suresh

Associate

Vikram Vaidyanathan

Managing Director

Past deals in India

Sri Mandir

Series A in 2021
Sri Mandir is a developer of a spirituality-focused application aimed at supporting the spiritual and devotional needs of Indian users. The application provides features that allow individuals to create personalized shrines, access a vast library of spiritual texts, scriptures, and videos, and connect with prayer groups. By offering a platform for consuming devotional content, Sri Mandir seeks to assist users in their spiritual journeys, helping them achieve a sense of happiness and peace. The company emphasizes its commitment to catering to the spiritual aspirations of a diverse population, enhancing the overall experience of devotion in everyday life.

DailyNinja

Series A in 2018
DailyNinja Delivery Services Pvt Ltd. is a Bengaluru-based company that operates a hyper-local delivery platform, launched in 2015, which caters to users' daily needs. The company specializes in the subscription-based delivery of essential items, including fresh milk, curd, eggs, bread, dosa and idly batter, water, and newspapers. By utilizing a mobile application, DailyNinja allows customers to conveniently manage their subscriptions and receive deliveries on a weekly or monthly basis. This service ensures that users receive fresh food items delivered directly to their doorsteps every morning, making it easier for them to access daily essentials without hassle. DailyNinja is currently a subsidiary of Supermarket Grocery Supplies Pvt. Ltd.

ShopClues

Venture Round in 2018
ShopClues is India's first and largest managed marketplace, founded in July 2011 in Silicon Valley. With over 100 million monthly visitors and 2.5 crore listed products from more than 600,000 merchants, it provides a diverse shopping experience that includes apparel, electronics, gadgets, kitchen appliances, and home decor. The platform aims to simplify online shopping through features such as multiple payment options, including cash on delivery, and the ability for users to share products with friends via social media. ShopClues operates in over 25,000 cities across India, backed by a dedicated team of over 1,100 employees. The company is based in Gurgaon and is a subsidiary of Clues Network Inc., a US corporation, supported by leading institutional investors.

LimeRoad

Series C in 2015
We are passionate about finding things that rise above the mundane; that we think will catch your eye and arrest it. Moreover, to bring these to you wherever you are and whenever you feel you have the time to indulge a little. So we created a company to bring you products you will fall in love with; to give you a chance to create your own space, to tap into those hidden talents and make your personal looks and collections; to help you share your creations with friends to get that second opinion, to inspire or be inspired; and to help you shop in a way that you will find mesmerizing. We like to think of LimeRoad as the digital-age equivalent of the 16th Century Grand Trunk Road, a highway that changed the face of trade in the Indian subcontinent.

VerSe Innovation

Series C in 2015
VerSe Innovation is a local language technology company that develops a discovery platform to consume and socialize with media. Its platform facilitates the curation of content and tracks user preferences through its vertical search and recommendation tools that provide users with personalized content and notifications.

VerSe Innovation

Series B in 2014
VerSe Innovation is a local language technology company that develops a discovery platform to consume and socialize with media. Its platform facilitates the curation of content and tracks user preferences through its vertical search and recommendation tools that provide users with personalized content and notifications.

Red Monster Games

Venture Round in 2014
Red Monster Games is a mobile social gaming company building games focused on the India market. Starting with casino games, it plans to expand into other genres of social gaming, including original IP-led games. It’s founders bring expertise in building and running social games from organizations like Zynga.

Quikr

Series G in 2014
Quikr India Private Limited operates Quikr, an online classifieds platform that operates across desktops, laptops, and mobile phones in India. Its Quikr platform allows consumers and small businesses to sell, buy, rent, and find things across various categories, including furniture and décor, appliances, ACs, services, jobs, cars, bikes, homes, mobiles and tablets, gift cards, personal loans, kids and toys, education, commercial real estate, pets and pet care, home and lifestyle, B2B suppliers, entertainment, community, events, and matrimonial, as well as sports, hobbies, and fashion. Quikr India Private Limited was formerly known as Kijiji India Private Limited and changed its name to Quikr India Private Limited in June 2008. The company was incorporated in 2005 and is based in Bengaluru, India. Quikr India Private Limited is a former subsidiary of eBay Inc.

LimeRoad

Series B in 2014
We are passionate about finding things that rise above the mundane; that we think will catch your eye and arrest it. Moreover, to bring these to you wherever you are and whenever you feel you have the time to indulge a little. So we created a company to bring you products you will fall in love with; to give you a chance to create your own space, to tap into those hidden talents and make your personal looks and collections; to help you share your creations with friends to get that second opinion, to inspire or be inspired; and to help you shop in a way that you will find mesmerizing. We like to think of LimeRoad as the digital-age equivalent of the 16th Century Grand Trunk Road, a highway that changed the face of trade in the Indian subcontinent.

Quikr

Series F in 2014
Quikr India Private Limited operates Quikr, an online classifieds platform that operates across desktops, laptops, and mobile phones in India. Its Quikr platform allows consumers and small businesses to sell, buy, rent, and find things across various categories, including furniture and décor, appliances, ACs, services, jobs, cars, bikes, homes, mobiles and tablets, gift cards, personal loans, kids and toys, education, commercial real estate, pets and pet care, home and lifestyle, B2B suppliers, entertainment, community, events, and matrimonial, as well as sports, hobbies, and fashion. Quikr India Private Limited was formerly known as Kijiji India Private Limited and changed its name to Quikr India Private Limited in June 2008. The company was incorporated in 2005 and is based in Bengaluru, India. Quikr India Private Limited is a former subsidiary of eBay Inc.

LimeRoad

Series A in 2012
We are passionate about finding things that rise above the mundane; that we think will catch your eye and arrest it. Moreover, to bring these to you wherever you are and whenever you feel you have the time to indulge a little. So we created a company to bring you products you will fall in love with; to give you a chance to create your own space, to tap into those hidden talents and make your personal looks and collections; to help you share your creations with friends to get that second opinion, to inspire or be inspired; and to help you shop in a way that you will find mesmerizing. We like to think of LimeRoad as the digital-age equivalent of the 16th Century Grand Trunk Road, a highway that changed the face of trade in the Indian subcontinent.

Waterlife India Pvt. Ltd.

Venture Round in 2011
Waterlife India Private Limited provides solutions for water and waste water. The company offers drinking water, water harvesting, waste water management, and industrial solutions, as well as franchisee opportunities. It provides its products through a network of stores in villages, urban centers, and corporates in India. The company was founded in 2008 and is based in Hyderabad, India with additional offices in Uttar Pradesh, Karnataka, Mumbai, Bihar, Puducherry, Aurangabad, and West Bengal.

Quikr

Series B in 2009
Quikr India Private Limited operates Quikr, an online classifieds platform that operates across desktops, laptops, and mobile phones in India. Its Quikr platform allows consumers and small businesses to sell, buy, rent, and find things across various categories, including furniture and décor, appliances, ACs, services, jobs, cars, bikes, homes, mobiles and tablets, gift cards, personal loans, kids and toys, education, commercial real estate, pets and pet care, home and lifestyle, B2B suppliers, entertainment, community, events, and matrimonial, as well as sports, hobbies, and fashion. Quikr India Private Limited was formerly known as Kijiji India Private Limited and changed its name to Quikr India Private Limited in June 2008. The company was incorporated in 2005 and is based in Bengaluru, India. Quikr India Private Limited is a former subsidiary of eBay Inc.

Seventymm

Series C in 2008
India's first and largest organised movie rental service. Present in 3 cities with a total member base of over 1.5 lakhs. the company was founded by serial enterpreneur Raghav Kher and funded by leading Venture Capital firms like DFJ, Matrix Partners and NEA-Indo US Vnetures.

Quikr

Series A in 2008
Quikr India Private Limited operates Quikr, an online classifieds platform that operates across desktops, laptops, and mobile phones in India. Its Quikr platform allows consumers and small businesses to sell, buy, rent, and find things across various categories, including furniture and décor, appliances, ACs, services, jobs, cars, bikes, homes, mobiles and tablets, gift cards, personal loans, kids and toys, education, commercial real estate, pets and pet care, home and lifestyle, B2B suppliers, entertainment, community, events, and matrimonial, as well as sports, hobbies, and fashion. Quikr India Private Limited was formerly known as Kijiji India Private Limited and changed its name to Quikr India Private Limited in June 2008. The company was incorporated in 2005 and is based in Bengaluru, India. Quikr India Private Limited is a former subsidiary of eBay Inc.

Seventymm

Series B in 2006
India's first and largest organised movie rental service. Present in 3 cities with a total member base of over 1.5 lakhs. the company was founded by serial enterpreneur Raghav Kher and funded by leading Venture Capital firms like DFJ, Matrix Partners and NEA-Indo US Vnetures.