Matrix partners


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Matrix Partners India today announced that it has invested in the first institutional round of funding for Red Monster Games India Private Limited, which will build mobile social games for the India market across the Casino, Arcade, Casual and Invest Express categories.

Kunal Kapur, the co-founder and CEO, has experience in social gaming at Zynga. He has previously founded SnatchKing Online and is an alum of ISB and Carnegie Mellon His co-founder and CTO, Kiran Upadhya, has worked previously with Zynga and SupportSoft.

“Our vision is to build the largest, mobile-first, social gaming company out of India. We believe Read more

Matrix Partners India invests in Red Monster Games


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Matrix Partners India today announced that it has picked up significant minority stake in Hearing Plus, an audiology and speech therapy chain.

Mr. Somenath Mukherjee, Founder and Managing Director said After graduating from NIHH, I realized that the diagnosis of hearing disability and penetration of hearing aids in India is less than a 10th of developed economies. As social taboo related to wearing hearing aids wanes, I founded Hearing Plus to address patient needs with focus on affordability and convenience. From Kolkata in 2006, we see ourselves as Pan India network by 2015. I strongly believe that partnering Read more

Matrix Partners invests in Hearing Plus


Matrix Partners India today announced that it has acquired a significant minority stake in WeAreHolidays, India’s leading online marketplace for booking customized holiday packages. Matrix Partners India along with the existing angel investors Blume Ventures and GSF Superangel Investors, co-invested in this round of equity funding for the Company. WeAreHolidays will use the funds to grow its business and deepen its technology and analytics expertise.

Indians travelling overseas for leisure alone is a $5 to $7 Billion market and is growing at 40% annually. 10% of this comprises complex customized holidays, a segment which is growing much faster than Read more

WeareHolidays raises investments from Matrix Partners India



 

 

LimeRoad, India’s largest online social discovery platform for women, today announced that it has raised a Series B round of USD 15 Million led by Tiger Global, with participation from existing investors Lightspeed Venture Partners and Matrix Partners India.
The investment will help LimeRoad accelerate towards its mission of becoming the most delightful lifestyle discovery platform for women in the country, and comes on the back of LimeRoad’s launch of its ‘one-of-a-kind’ Android mobile app.

Suchi Mukherjee, Founder and CEO, LimeRoad, said: “We are revolutionizing the way lifestyle products are discovered and ultimately bought online in Read more

Limeroad raises $15M led by Tiger Global


Matrix Partners India today announced that it has acquired a significant minority stake in Stayzilla, as the sole investor in the first institutional round of equity funding for the Company. Stayzilla.com operates an online platform to research and reserve “value hotels” in more than 750 cities across India.

The online hotel booking industry has been at a nascent stage for the last few years. It is now at an inflection point and I expect 40% of all hotel bookings in India to be done online within the next 5 years. The capital raised will be used to strengthen Read more

Matrix Partners invests in StayZilla