Matrix Partners expands new India fund to $525 million

Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for new investment initiatives in the South Asian market.
The Indian firm, whose portfolio includes Razorpay and Ofbusiness, has raised $518 million for its new fund, fourth for India, and is targeting to raise another $7 million, it disclosed in an SEC filing.
The firm’s new fund comes at a time when scores of other investors have raised new capital — and nea

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