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Z47 logoVenture Capital

Z47

Invest in technology and consumer companies in India and Europe

Visit websiteLinkedIn
Ticket size$5M – $50M
StagesSeries A · Series B
Sectors4 focus areas
01, Snapshot

At a glance

Key signals founders use to decide if this investor is worth a conversation.

Ticket size
$5M – $50M
Stages
Series A · Series B
Sectors
4 focus areas
Themes
10 mapped
02, Focus

Where they invest

Stages and sectors this investor typically backs.

Sector focus

AI / MLSaaS / EnterpriseFintechConsumer / D2C
Sector guides →

Lead / invest stages

Series ASeries B
Stage guides →
03, Thesis

Investment thesis

Themes this investor is mapped to across the VC Dekho directory.

Invest in technology and consumer companies in India and Europe

Founder-led / operator capitalTech-first / product companiesIndia-first / BharatImpact & inclusionGrowth & scale-upsFintech / embedded financeSaaS / B2B softwareConsumer / D2C brandsAI / MLSeries A / PMF capital
All themes →
04, Portfolio

Portfolio companies

38 companies mapped to this fund.

A(
Affle (Affle 3i)
SaaS / AI
B2
B2B
$3.5M
1 Jan 2023
BL
BlackBuck
B2B
BL
BlueStone
Consumer / Consumer Tech
CA
CarTrade
Consumer / Consumer Tech
C/
Consumer / Consumer Tech
DE
Delhivery
B2B
EN
E2E Networks
SaaS / AI
$20m · Seed
1 Apr 2024
E(
Eternal (Zomato)
F/
Fintech / Financial Services
FI
FirstCry
Consumer / Consumer Tech
FB
Five-Star Business Finance
Fintech / Financial Services
$234M
26 Mar 2021
FR
Freshworks
SaaS / AI
GR
Groww
H(
Honasa (Mamaearth)
Consumer / Consumer Tech
IN
IndiaMart
B2B
IE
Info Edge (Naukri)
Consumer / Consumer Tech
IX
Ixigo
Consumer / Consumer Tech
K(
Kissht (OnEMI Technology)
Fintech / Financial Services
LE
Lenskart
MA
MakeMyTrip
Consumer / Consumer Tech
MA
MapmyIndia
SaaS / AI
MH
MedPlus Health
Consumer / Consumer Tech
ME
Meesho
05, Story

About Z47

Background and context for founders evaluating this investor.

Z47, formerly Matrix Partners India, is one of the most established venture capital firms operating in the Indian ecosystem, with a portfolio that spans some of the country's most recognizable technology and consumer brands. The firm rebranded to Z47 to better reflect its expanding investment mandate across both India and Europe, signaling a broader geographic thesis while retaining its deep India roots. Z47 typically leads or co-leads rounds at Series A through Series B+ stages, writing cheques in the range of five to fifty million dollars, making it most relevant for founders who have demonstrated early traction and are looking to accelerate growth. The firm has particular conviction in SaaS, FinTech, AI-driven businesses, and consumer internet, and tends to back founders building for large, underserved market opportunities. Z47 partners are known for being hands-on, bringing network access, hiring support, and strategic guidance beyond just capital. Founders who have previously met with Matrix Partners India will find continuity in the team and investment philosophy under the Z47 brand. If your startup is at a growth inflection point and operates in one of their core sectors, Z47 is a strong institutional partner to engage.

The firm rebranded to Z47 to better reflect its expanding investment mandate across both India and Europe, signaling a broader geographic thesis while retaining its deep India roots.

Notes

Formerly Matrix Partners India; backed Ola, Razorpay, Dailyhunt, OYO

Data confidence: Unverified – inferred

06, Investors

Investors at Z47

Partners and principals mapped to this fund in the directory.

Early Stage Investor

Ashwin Kannan Pandian

Z47

Managing Director

Rajat Agarwal

Z47

Managing Director

Rajinder Balaraman

Z47

07, Nearby

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Other funds that overlap on stage, sector, or thesis.

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08, Explore

Explore related

Jump into stage, sector, and thesis mapped to this fund.

Series ASeries B
AI / MLSaaS / EnterpriseFintechConsumer / D2C
Founder-led / operator capitalTech-first / product companiesIndia-first / BharatImpact & inclusionGrowth & scale-upsFintech / embedded financeSaaS / B2B softwareConsumer / D2C brands
Stage guidesSector guidesThesis themesBack to directoryBrowse investors

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