Matrix Partners to raise $450 million India fund to back startups

Matrix Partners India, an early investor in companies like Ola, payments startup Razorpay, new aggregator and short video player Dailyhunt among others, will raise a $450 million India fund, as per regulatory filings made with Securities and Exchange Commission in the US.

This will be the firm’s fourth India-dedicated fund through which it will back startups in India and South Asian markets, the documents accessed by ET showed.