Venture CapitalElevation Capital
StagesSeed, Series A, Series B
SectorsAI / ML, SaaS / Enterprise, Fintech · Early-stage builders, Founder-led / operator capital
Ticket$1M – $30M
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Venture Capital
Venture CapitalMatrix Partners
Z47 (formerly Matrix Partners India) backs early to growth-stage startups across SaaS, consumer, fintech, B2B, and AI, partnering with founders building large, enduring businesses in India and emerging markets.
01, Snapshot
At a glance
Key signals founders use to decide if this investor is worth a conversation.
02, Focus
Where they invest
Stages and sectors this investor typically backs.
03, Thesis
Investment thesis
Themes this investor is mapped to across the VC Dekho directory.
Z47 (formerly Matrix Partners India) backs early to growth-stage startups across SaaS, consumer, fintech, B2B, and AI, partnering with founders building large, enduring businesses in India and emerging markets.
Early-stage buildersFounder-led / operator capitalTech-first / product companiesIndia-first / BharatCategory creatorsGrowth & scale-upsFintech / embedded financeSaaS / B2B softwareConsumer / D2C brandsAI / MLSeries A / PMF capitalBootstrapped / profitability-first
All themes →04, Portfolio
Portfolio companies
38 companies mapped to this fund.
05, Story
About Matrix Partners
Background and context for founders evaluating this investor.
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.
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.
Notes
Rebranded to Z47 in 2023; backed Ola, Razorpay, Dailyhunt, Quikr, OYO
Data confidence: Unverified – inferred
06, Investors
Investors at Matrix Partners
Partners and principals mapped to this fund in the directory.
07, Nearby
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Other funds that overlap on stage, sector, or thesis.
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