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SuperOps.ai had raised $14 million in funding led by Addition and Tanglin Venture Partners in January last year. Before that, it had raised $3 million from Elevation Capital and Matrix Partners.
India's newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).
Drawing on a record inflow of venture capital in the past decade, 297 founders have set up some 253 startups, igniting talk of a new-look “startup mafia,” as such cohorts of entrepreneurs are termed in industry parlance.
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.
Matrix Partners India, which has backed unicorns like Ola, Dailyhunt, OneCard, DealShare, Razorpay and Ofbusiness, has upsized the target of its fourth investment vehicle. The multi-stage ......