Matrix Partners India raises $300 million in third VC fund
US-based investment firm Matrix Partners has raised $300 million from 43 investors for its third India-dedicated fund. Matrix Partners India, started by Avnish Bajaj and Rishi Navani in 2006, has backed over 60 companies including Ola cabs, digital healthcare firm Practo, and advertising platform Quikr. Meanwhile, the venture capital firm also raised seed funding for food and beverage brand &ME.