This is possibly among the biggest such venture funds to launch in India…and adds to others who are also rushing into the market. Matrix Partners, a U.S.-based venture capital firm, has set up a $150 million fund with an Indian partner to invest in consumer-focused industries mainly in the Internet, telecoms and media space.
The fund will be co-managed by Avnish Bajaj, former founder/CEO of Bazee.com and after it sold to eBay, its chairman of Indian operations. Also co-magaing it will be Rishi Navani, previously MD at WestBridge Capital Partners.
Some more in this PDF release here.
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