Matrix Partner News Today

Happy Friday! Banks are pushing the pedal on their cobranded credit card strategy as they gain traction through large consumer facing internet companies. This and more in todays ETtech Morning Dispatch

The third-quarter IT earnings for FY24 began on a weak note as TCS posted a low single-digit rise in net profit while Infosys saw its profit fall 7%. This and more in todays ETtech Top 5.

Partners and fund managers are stepping down from prominent venture capital firms in India, mimicking the exits of founders from Indian startups

Balaraman and Tarun Davda, Partner and Managing Director of Matrix Partners India, spoke to Moneycontrol after closing their fourth India-dedicated fund, raising $525 million. Along with General Partner Commitment and employee participation, the fund was closed at $550 million, the two partners said. This fund is the largest ever raised by the venture capital firm and will be used to invest in around 45-50 companies.

The hiring momentum in India’s legal market continues, with Veritas Legal, SNG & Partners, DMD Advocates, Lex Consult, ANM Global and AK & Partners welcoming new partners recently.

Chumbak and four additional direct-to-consumer (D2C) brands have already been bought by Goat Brand Labs, an...

Glean is coming out of stealth and announcing a $7 million seed funding round led by Matrix Partners' Ilya Sukhar.

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路透新闻部 (Adds details about U.S. buyout, results) Feb 25 (Reuters) - Afterpay is exploring an additional stock listing abroad amid increased U.S. investor interest, the Australian buy-now-pay-later firm said on Thursday after reporting a more than doubling in first-half sales. The Australian fintech and its global competitors such as Sweden’s Klarna, Affirm and Zip Co have witnessed explosive growth since the pandemic locked down much of the world and turned more people toward online ...