Matrix Partners is raising $450 million for new India fund

Matrix Partners India is raising $450 million for its fourth India fund, doubling down on the South Asian market where scores of investors including Sequoia, Lightspeed, SoftBank, Elevation, Accel, Alpha Wave Global and Tiger Global have increased the pace of their investments in recent years.
The firm, which counts Ofbusiness and Razorpay among its portfolio firms, disclosed it is raising the new India fund and its size in an SEC filing last week. At $450 million, Matrix is considerably increasing the amount of capital it plans to invest in India. Its third fund, closed in 2019, was $300 mill

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