Matrix’s $150 Million India Fund
Like China, India is becoming a must-invest destination for US venture capital firms. Norwest, Kleiner Perkins, and Sequoia Capital are some of the funds that have invested in India and Indian companies. The latest to join the party is Matrix Partners, which has just closed $150 million Matrix India Fund. The new fund is headed by Avnish Bajaj of baazee.com (an auction company bought by eBay) and Rishi Navani, who formerly headed WestBridge Capital Partners that recently merged with Sequoia Capital.
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