Private equity firm, Matrix Partners India, on Wednesday said it has raised $300 million through its third fund. This follows the over $100 million extension fund closed in 2016.
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Founded in 2006, company's current portfolio includes Ola, Quikr, Practo, Five Star Business Finance, Dailyhunt, Mswipe, Limeroad, OfBusiness and Treebo among others. It has made recent investments in DailyNinja, Itilite, MoEngage, Stanza Living, Vogo, and Ziploan.
"The venture capital firm will continue to follow its existing investment strategy of backing exceptional founders in their effort to build market leading companies at the seed, early and early growth stages across sectors," Matrix Partners India said in a statement.
"We are grateful for the continued support of our limited partners. This is an exciting time to be an entrepreneur in India – mobile internet led leapfrogging is underway across sectors and increasing GDP per capita and consumerism will have a multiplier effect on scaling businesses," said Avnish Bajaj, managing director, Matrix Partners India.
The firm's first fund has investments in Muthoot Finance and TreeHouse Education.