Wednesday, November 7, 2007

Matrix Partners Trebles Fund Size To $450 Million - VC Circle

Matrix Partners India, the Mumbai-based venture capital fund, has boosted the size of their first fund to $450 million from the current $150 million. The fund, co–founded last year by former Baazee founder Avnish Bajaj (right) and former WestBridge Capital Partners partner Rishi Navani (left), will however retain its consumer services focus. It will only increase the ticket size to $10-30 million from the current upto $10 million, which means the stage of the companies they will invest will also include growth capital stage companies.

Here's the rest of the story.