We are pleased to announce the closing of our third fund, and thank the founders in our portfolio and those outside for being our inspiration and supporters on this journey together!
@avnish
@tarun_davda
@VikramV23
Matrix Partners India will change its brand name to Z47 (pronounced: ZEE-forty-seven) beginning July 1, as part of a broader branding effort. The new name is inspired by India’s journey towards a developed country by 2047, with India’s founder and digital ecosystem at the heart
We're in uncharted waters & founders are faced with their toughest decisions yet. Some of us in the VC ecosystem have put tog learnings from our best founders. While in no way exhaustive, we hope it serves as a good starting pt for founders in a tough time
Incredibly excited to receive this supercool and smooth bike
@bhash
and
@OlaElectric
team. Privileged to be partners - thousands of hours of hard work and genius to deliver a moment of real magic in our lives 🙏🏽
Happy to announce our new fund with over $550 million in commitments. We remain excited, humbled and privileged to be able to participate in the digital nation building of India.
Watch for more:
India’s consumer economy story is evolving and reports suggest that another 40 million premium households will be added to India’s middle class by 2030.
(1/5)
"I traded for 12 years before Zerodha started, I don't really think I could have done any other business other than broking"
From the formative years of
@zerodhaonline
to scaling his dream, catch
@Nithin0dha
in an unfiltered discussion w/
@VikramV23
:
Last week we were privileged to have
@bhash
Aggarwal, the founder of Ola group talk to us at the launch of our Report, “Digitizing Consumers in India”.
Watch the complete video here:
Honoured to have Vikram Vaidyanathan featured on the
@EconomicTimes
40 under 40 list of India’s Hottest Young Business Leaders 2018. Congratulations!
@VikramV23
What should a "good" Term Sheet include? A problem that is common to many first time founders & often the first potential point of conflict between a founder & investor. Here's our take on what's significant (and not) in a Term Sheet:
@avnish
@rbalaraman
Congratulations to
@RTinkslinger
,
@desai_pranay
and
@sannigrahis
on their promotion to Managing Directors at Matrix Partners India! We are thrilled to have these talented leaders on our team, and we look forward to their continued contributions to the firm
1/2
“And the best entrepreneurs are able to transcend all roles in pursuit of the one and only thing that matters – The Goal.”
@avnish
's latest blog on, What makes an
#entrepreneur
. Read more here:
“If I had to crystallize it down to 1 takeaway, it's character. What is character? Intrinsics.” In the launch of
#MatrixMoments
@Avnish
outlines the 1 factor that helps predict a founders success rate & the crux of our
#foundersfirst
ideology. Listen in:
"In my lifetime, this is the longest cycle without a serious disruption"
In today's
#MatrixMoments
episode, watch
@avnish
talk about the current startup environment, early stage investments vs later stage & how we think about 2020.
Tune in:
@rbalaraman
Life before
@zerodhaonline
: what experiences paved the way for
@Nithin0dha
to build India's first & largest discount broking model? Stay tuned to find out.
Here's
#AMatrixMoment
of Nithin in conversation w/
@VikramV23
on the early parts of his journey.
In keeping with our annual tradition, we are back with
#TheMatrixDiwaliParty
that brings together the startup community for a power packed & fun filled evening!
Watch this space for more updates.
@avnish
@tarun_davda
@VikramV23
PS: this is strictly an invite only event
"You first hire doers, then doers + thinkers and last thinkers who can hire doers" -
@avnish
on how founders should go about building their startup. Watch this space for more snippets from our AMA session this evening.
1/ Matrix-backed Five Star Business Finance Limited makes IPO debut today!
We have been immensely privileged and honoured to be Five Star's very first investor and to have been a part of their tremendous journey.
You've probably noticed a much higher number of people owning iPhones compared to two years ago. It is not an anomaly. Affluent and elite households are expected to grow to ~80 million by 2030. That’s almost a quarter of the 350 million Indian households. 💰
(1/10)
“I wanted to get rich quick, & on my own terms” How
@avnish
gave up his stable Wallstreet job, took the plunge into entrepreneurship & set up what would then be known as India’s 1st online market place, . Listen in:
@playtopotential
Calling all Blr based entrepreneurs to join us for an interactive session on company building with Bhavin Turakhia, Founder & CEO,
@Flock
Thursday, 4th July @ Matrix Bangalore
You can register to attend here:
@bhavintu
@tarun_davda
India is now the largest data consumer in the world at 9GB+/capita usage. We are excited to announce our investment in @ Awaaz, and look forward to this journey with
@subodhkolhe
and
@firasatdurrani
@SanjotMalhi
@avnish
When your startup is struggling to build traction, you have 3 options – keep at it, pivot, or shut down. But how do you know when to pivot vs shutting your co. down?
Tune in to watch
@avnish
&
@rbalaraman
draw a framework to help you think through this difficult decision.
At the early stages, hiring momentum = company momentum. How fast you can get people on board defines how fast your company will grow, aka “Extreme Hiring”.
@VikramV23
shares his learnings from working closely with founders on this. Listen in:
How should you structure incentive plans as an early stage founder? In this episode of
#MatrixMoments
,
@avnish
outlines the simple thumb rules to follow while designing an incentive plan, from his past experience as a founder & now a VC. Tune in:
"I talk about 3 things when it comes to success and I call it TAP - talent, alignment & prioritisation. If you get these 3 things right in your organisation that's your formula to success" -
@bhavintu
@Flock
Why do valuations matter and what is the real rationale behind valuing startups? Catch
@avnish
talk about all of this and more in the latest episode of
#MatrixMoments
Crystal ball gazing on the future of Indian commerce: from the explosion of video with the Jio effect, TikTok & D2C brands, this space is ripe for disruption w/ billions of $$$s to be made.
Tune in to catch
@avnish
&
@rbalaraman
cover all of this & more:
"We expect the IPO trend to take off in a big way over the next 3-4 years" -
@avnish
in conversation with
@CNBCYoungTurks
on Indian startups & IPOs. Watch the episode here: …
@ShereenBhan
"The courage of conviction" is a phrase that aptly summarizes
@Nithin0dha
's professional journey.
In an unplugged conversation,
@VikramV23
speaks to Nithin abt
@zerodhaonline
's growth journey, his POV on the Indian IPO landscape & much more.
Tune in:
From an intrapreneur to a venture investor,
@tarun_davda
shares what his journey has been like from accidentally entering the VC world, to closing his first deal at Matrix, his views on operator VCs vs. investor VCs & more. Tune in to
#MatrixMoments
:
We are excited to announce our investment in Open Secret and to back
@GautamAhana
& Udit Kejriwal in their vision to un-junk the Indian health snack market.
Read more about the investment here:
@SanjotMalhi
@avnish
Over the next few days we will be posting video snippets from our power packed session last week with
@kunalb11
,
@bhavintu
&
@tarun_davda
. Here's the first one with
@kunalb11
talking about how curiosity as a trait helped shape his journey as a
#founder
. Stay tuned for more!
Proud to announce our partnership with
@saurabhjain1099
and
#HarishReddy
, for Stable Money, India's first of its kind Fixed-Return Investment Platform.
(1/6)
Tune in for a deep dive on the India Venture Opportunity - part 2, where we discuss & dissect ramifications of the China app ban, Jio's recent fundraise, Covid's impact on digital India & much more w/
@miten
@samidhas
@amrishrau
@tarun_davda
#MatrixMoments
A topic that’s hotly debated when we meet founders & evaluate startups is: what is their moat?
@avnish
&
@rbalaraman
dive deep on the importance of building a moat, aka, sustainable competitive advantage for your business & why we think it matters.Tune in:
"For the 1st time in history, consumer brands have the holy grail of deep markets, non-linearity of growth & capital efficiency" -
@SanjotMalhi
on why new-age consumer businesses make great investments, in an article for
@FortuneMagazine
. Read more here:
1/ Marketplaces:“to B or to E?”-that’s the question!
W/ data & tech explosion various models have emerged such as B2B, B2C, B2E, B2R- but what are the differences betw each? Here’s a thread on key insights from our latest ep "Marketplaces-part 2"
@avnish
@rbalaraman
@sannigrahis
Hiring a strong team is one of the proven ways to ensure startup success. Yet, it’s the biggest issue that founders / CEOs face.
@tarun_davda
leans on Extreme Referencing as a tool when interviewing candidates for Matrix or our portfolio’s Listen in:
Matrix Partners India is launching a report on the 'Future of Indian ConsumerTech' with
@BCG
. We will host a 3-part panel discussion series starting Feb 22, 2023, featuring industry experts and founders. Stay tuned for more.
#FoundersFirst
#ConsumerTech
#Technology
#Startups
"While PMF is far more important than GTM - PMF determines the success or failure of a startup, but GTM is your risk management strategy"
a snippet from the latest
#MatrixMoments
episode on Go-To-Market Strategy for startups. Tune in this evening to know more.
@avnish
Thumb rules to keep in mind when fundraising, takeaways from
@tarun_davda
's recent
#MatrixMoments
episode:
1. You should raise as much capital as reqd to execute for 2 yrs. If it takes 3-6 months to fundraise this gives you ~18 months of meaningful progress before the next round
We are excited to announce the launch of
#MatrixMoments
a podcast series via real conversations on what it takes to survive & thrive in this wild, wild startup world. A series of reflections learned over time on scaling a startup from ground zero. Coming out soon, stay tuned!
Startup Success Secrets of Seasoned Founders Revealed! Come learn from serial entrepreneurs
@bhavintu
&
@kunalb11
on what it takes to win and succeed at multiple profitable tech ventures. Limited seats only, register for an invite here:
@tarun_davda
What is the difference between an effective board meeting and an ineffective one? From setting the right rules of engagement to dealing with disagreements in the board room,
@avnish
shares his views on the best practices for investor engagement, tune in:
State of the Indian Venture Ecosystem – Part 1. In this episode of
#MatrixMoments
we summarize the year that was 2018. The high’s & low’s, and developments that will pave the way going forward. Tune in to know more.
@avnish
#MatrixMoments
: As a founder looking to raise funds at the seed stage, there are broadly 2 types of investors that can be approached: angel or institutional - who should you pick from the 2 & why? Tune in to know what
@avnish
has to say about this:
"Businesses don't grow themselves, entrepreneurs grow businesses"
Tune in to watch a first from our
#Reflections
series where
@avnish
&
@rbalaraman
decode "The Hack Job - hacking the way to growth & profits!"
Covid-19 has impacted people & businesses across the world. How should startups prepare for it here in India?
In today’s
#MatrixMoments
episode, we discuss implications for the Indian startup ecosystem.
Tune in to know more:
@avnish
@rbalaraman
India will transform into a $10 trillion economy within the next decade. We estimate that the country will add about $1 trillion every 1.5 years and eventually emerge as the third-largest global economy over the next six years. 🇮🇳
(1/8)
Here's a video that captures our take on most of the frequently asked questions by founders in the seed to series B stages. Watch
@avnish
,
@tarun_davda
&
@SanjotMalhi
share their views with the
@IndiaQuotient
team from a recently held
#AMA
session:
The role of a Chief of Staff is multifaceted & dynamic.
@7rahulc
delves into four archetypes associated with this position, highlighting their strengths & approaches, that contribute to improved operational effectiveness and business leadership. Watch the video here.
Here's a recap of the top
#MatrixMoments
episodes from this year, we've summarised the key learnings from founders & industry experts across company building, fundraising, culture and more.
Watch the highlight reel here:
We are pleased to announce our investment in VeGrow, an agritech startup on a mission to build the world's biggest asset-light farm, and look forward to this partnership w/ Praneeth, Shobhit, Mrudhukar and Kiran.
@ankush_go
@tarun_davda
@ankurcapital
The Indian toy market is a $1B+ untapped opportunity. With 'Atmanirbhar' push, rising incomes, and growing appetite for STEM toys, domestic players can cater to massive potential, writes
@chander1987
(1/3)
Excited to announce Country Delight, India's largest d2c food essential brand, raises $25M. We are fortunate to have been early partners & look forward to the journey ahead w/
@chakrigade
& Nitin Kaushal.
Read more here:
@avnish
@SanjotMalhi
@MilkCountry
The 3 rules of leadership: 1) Acute self-awareness 2) Ruthless desire to learn & the most important 3)No ego. Listen in to our next podcast nugget on ‘Evolving as a Leader’:
@avnish
@playtopotential
Good food is made from good ingredients, And Nothing Else.
Thrilled to announce our investment in 'And Nothing Else' & to back Shashank Mehta as he builds India's most trusted 100% clean-label health food brand.
@twitellectual
@SanjotMalhi
@VikramV23
Marginal Value add.
In this episode,
@avnish
and
@rbalaraman
talk about why all margin is not equal and how margins relate to valuation.
Tune in to know more:
#MatrixMoments
Thrilled to announce our investment in Park+ and join hands with
@amit_lakhotia
on his mission to digitize parking across India!
A privilege to be a part of this journey, along with
@sequoia
Read about the investment here:
@avnish
@singh_sequoia