According to a report in Economic Times, Venture Capital firm Matrix Partners India, which has been an early stage investor in Cab aggregator app Ola and classifieds portal Quikr, has raised Rs 730 crore to boost the corpus of its second fund.

Matrix Partners is one of the VC firms which can boast to have backed more than one Indian Unicorns—Ola and Quikr. According to its website, Matrix Partners has exited two firms—gold loan company Muthoot Finance and playschool chain Tree House.

Bajaj said that the fresh fund would largely for fresh investments and that it would stick to the strategy adopted for its last fund—that is, to primarily focus on early-stage tech startups.

“Fund II largely had this focus on what we (think) we understand best and are good at. So (we are) doing more of the same and what works for us,” he added. But in the last four years or so, the focus has moved to consumer internet and technology deals. “We will continue our consumer and healthcare investment franchisees going forward as well, but with a technology angle,” said Bajaj.

Matrix Partners which is an investor in Ola, Quickr, Housejoy, Practo amongst others will now focus on exits and invest across seed and Series-A deals only.

Matrix Partners India plans to focus on consumer internet, technology, online marketplaces, fintech, software, logistics and healthcare technology segments.

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