Monday, 06 July 2026India Venture Review · Vol. I · 2026Live · ₹4,200 Cr tracked this quarter
Venture Capital · Mumbai, India
Matrix Partners India
Multi-stage venture firm now known as Z47, investing in fintech, consumer and Web3 in India.
Deals tracked
6
Capital led
$709M
Avg round
$118M
Portfolio
130
Notable bets
Ola · Razorpay · Krutrim
All rounds led
Portfolio
| Startup | Date | Round | Sector | City | Amount | Article |
|---|---|---|---|---|---|---|
| Krutrim | 30 Apr 2026 | Series B | AI | Bengaluru | $50M | Read ↗ |
| PhonePe | 23 Mar 2023 | Series G | Fintech | Bengaluru | $447M | Read ↗ |
| CRED | 22 May 2022 | Series C | Fintech | Bengaluru | $101M | Read ↗ |
| Groww | 22 May 2022 | Series C | Fintech | Bengaluru | $26M | Read ↗ |
| Razorpay | 22 May 2020 | Series C | Fintech | Bengaluru | $66M | Read ↗ |
| PhonePe | 22 May 2019 | Series C | Fintech | Bengaluru | $19M | Read ↗ |
Where in the lifecycle
Stage Breakdown
Series B
1 deal
Series C
4 deals
Series G
1 deal
Where capital flowed
Sector Allocation
Fintech
$659M
AI
$50M
Chronology
Investment Timeline
- 30 Apr 2026Krutrim · Series B$50M · AI
- 23 Mar 2023PhonePe · Series G$447M · Fintech
- 22 May 2022CRED · Series C$101M · Fintech
- 22 May 2022Groww · Series C$26M · Fintech
- 22 May 2020Razorpay · Series C$66M · Fintech
- 22 May 2019PhonePe · Series C$19M · Fintech