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Matrix Partners eyes Delhi as its next Investment destination

Matrix Partners eyes Delhi as its next Investment destination
Pic Courtesy: Live Mint

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One of the fastest growing VC house that has invested in some of the leading Startups in Fintech, EdTech, Fashion and Taxi App such as Ola, Daily Hunt, RazorPay and mSwipe , Matrix Partners is looking to tap the Delhi NCR region for Startup Investments.

Matrix Partners Managing Director Tarun Davda told Livemint, “Over the past 18 months, 30-40% of the startups we’ve been meeting have been based in NCR which is more than we meet in Bengaluru. Even for the overall market NCR has more startups than Bengaluru but Bengaluru still leads by far in terms of funded deals. That could be because of two reasons. VCs are more focused on Bangalore or the quality of Delhi startups is not that good. We think it’s the first reason. And we were missing out on unique ideas in Delhi and wanted to be closer to the ecosystem.”

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