Matrix Partners Raises $150 Million for India Fund- Waltham, MA

Matrix Partners, a Waltham-based venture capital firm, has raised $150 million for a new fund to be focused on investments with technology businesses in India. The fund was co-founded by Avnish Bajaj, a founder and former chairman and CEO of Baazee.com, an online marketplace that was acquired by eBay, and Rishi Navani, previously managing director of WestBridge Capital Partners. Among the business sectors on which the new fund will concentrate are Internet, mobile services, and media/entertainment, the firm announced. Matrix manages a total of about $2.5 billion in assets.

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