HomeFundsZ47
Venture Capital Actively deploying

Z47

Invest in technology and consumer companies in India and Europe

Ticket size$5M – $50M
StagesSeries A · Series B
Sectors4 focus areas

At a glance

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Where they invest

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Investment thesis

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Recent activity

Checks and mentions picked up from India startup news over the last 180 days.

Portfolio companies

38 companies

Startups this investor has backed — round, amount, date, and source when we can verify them publicly.

Showing 12 of 38

Affle (Affle 3i)
SaaS / AI
B2B
$3.5M
1 Jan 2023
BlackBuck
B2B
BlueStone
Consumer / Consumer Tech
CarTrade
Consumer / Consumer Tech
Consumer / Consumer Tech
Delhivery
B2B
E2E Networks
SaaS / AI
$20mSeed
1 Apr 2024
Eternal (Zomato)
Fintech / Financial Services
FirstCry
Consumer / Consumer Tech
Five-Star Business Finance
Fintech / Financial Services
$234M
26 Mar 2021

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

Investors at Z47

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