Matrix Partners plans to increase investments in Delhi-based startups

Vikram Vaidyanathan, Avnish Bajaj, Rishi Navani and Tarun Davda of Matrix Partners. (MInt)

Venture capital (VC) firm Matrix Partners India will increase its investments in Delhi-based start-ups as it seeks to expand its consumer internet portfolio and tap what it says is an under-served market by investors.

Currently, 50% of Matrix’s portfolio companies are based in Bengaluru, while 15-20% are in the national capital region (NCR). Matrix will launch its Delhi office this week and has moved three of its investors there.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter