Matrix Partners overrides China to direct funds to India

BANGALORE: Matrix Partners, the US-based venture capital firm, prefers India over China to do some major investments. The firm, which focuses on early stage technology startups, has opened an office in Bangalore to augment its investment plans in product based technology companies in India.

"We are looking at both India and China, but the major chunk of funding would go to India," Matrix Partners general manager Tim Barrows told

Matrix partners had collected around $500 million during their 7th round of funding in 2002; of which only 40 per cent had been utlised. According to company sources, Matrix is looking out for companies/partners who require around $3 million to 10 million. Apart from a controlling stake, the company also wants a person from their end on the board of the company they fund. A second round of funding will be done if required and Matrix generally stays on in the company they've invested in and profit from this.

"We see India as a very exciting growth opportunity and hope to nurture the entrepreneurial spirit here. Many of Matrix Partners portfolio companies have either a presence in India for their R&D and/or has Indian Founders. We perhaps have had more success backing in Indian led companies than any other VC firm in the USA and have been fortunate to be in the business with a number of terrific Indian entrepreneurs," explains Barrows.

Matrix partners has lead investments in reputed firms including OpenWave, Veritas, Tivoli Systems, Alteon Web systems, SANDisk, Apollo Computer, Cascade Communications, Sonus Networks and Sycamore Networks. Five of the Matrix Partners were named in the Forbes Midas list.

Latest Reads
KOSH Oats launches Roti Donation Drive on World Food Day

KOSH Oats by Future Consumers announces ‘Roti Donation Drive’ a special initiative which starts on World Food Day.

MAM Marketing MAM
Truecaller shows it is more than just a caller ID & spam detection app

Truecaller has launched its new television and digitally focused advertising campaign with the tagline ‘Sab ke liye’ meaning both ‘for everyone’ and ‘for everything’. The ad campaign is aimed to create awareness among the audience about the recent features introduced on the app apart from Caller ID...

MAM Marketing MAM
Birla Gold & BBH team up for another power pact film

Birla Gold, the cement brand of the B.K. Birla Group of Industries launched its new ad campaign marking the beginning of the latest Pro Kabaddi League season and commemorating its association with Patna Pirates, three-time winning champions.

MAM Media and Advertising Ad Campaigns
fbb launches its festive collection at Mumbai Airport

The season for shopping has begun and people all over the country have increased their spending budgets to ensure they look their best this season.

MAM Marketing MAM
Kansai Nerolac reconstitutes its iconic 'Ghar Ki Raunak' jingle into a song

Kansai Nerolac Paints Ltd. (KNPL), one of the leading paint companies in India and pioneers of ‘Healthy Home Paints’ has recently teamed up with popular Indian music director, Pritam’s musical platform JAM8 to roll out a rendition to Nerolac’s iconic jingle as a song, across India.

MAM Marketing MAM
Air Canada Brings Global ‘Fly the Flag’ Initiative Celebrating Equality, Inclusivity and Diversity to India

Air Canada, Canada's largest domestic and international airline, has been strengthening connections between India and Canada since 2015 with three new direct routes introduced in less than two years. To celebrate people making a mark in India, Air Canada is bringing its global ‘Fly the Flag’...

MAM Marketing Below The Line
Tanishq launches new campaign for Diwali

Jewellery brand, Tanishq has introduced an exquisite collection - Utsava – an enchanting range that showcases the rich culture and beauty of our country, encapsulating the true essence of the festival of lights.

MAM Media and Advertising Ad Campaigns
Saregama Caravan asks to ditch the 'Shor' this Diwali

Diwali is many things to us. Homecomings, get-togethers, celebrations, gifts, lights, sweets, and shared joy.

MAM Marketing MAM
The stage is set for WPP’s ‘Date with Data’ – a day-long data summit

Spearheaded by WPP India, alongside WPP’s Data Alliance, Date with Datais a day-long summit that showcases and discusses the impact of data.

MAM Marketing MAM

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories