Matrix Partners

Z47, formerly known as Matrix Partners India, is one of India's most established venture capital firms, having rebranded in 2023 to operate fully independently under its new identity. The firm has a strong track record of backing founders at the earliest inflection points, with a portfolio that includes category-defining companies like Razorpay, Ola, OYO, Dailyhunt, and Quikr. Z47 invests across Seed, Series A, and Series B stages, writing cheques typically between $0.5 million and $10 million. Their sector focus spans SaaS, consumer internet, fintech, B2B, and increasingly AI-driven businesses. What distinguishes Z47 in the Indian ecosystem is their reputation for deep founder partnership and long-term conviction, often leading rounds and staying actively engaged across multiple funding stages. Founders who resonate with Z47 tend to be building for India-first scale with the potential to expand regionally or globally. The team brings both operational and capital markets expertise, making them a strong institutional partner for startups that are ready to grow aggressively post-product-market fit. Founders targeting Z47 should come prepared with clear unit economics and a compelling vision for category leadership.