Z47 (Matrix Partners) Investments and Portfolio Companies

Matrix Partners Founded in 2006, Z47 (formerly known as Matrix Partners) invests in technology companies focused on the Indian consumer and global enterprise market at the seed, early, and early growth stages. It has backed lots of leading companies like ola, Razorpay, OfBusiness, Dailyhunt, Five Star Business Finance, Ola Electric (electric vehicles), OneCard, Country Delight, MoEngage, jupiter, Stanza Living (a tech-enabled student housing platform), GoKwik,  others.

Z47 (Matrix Partners) Investments and Portfolio Companies

Z47 has invested in 202 companies over the past 19 years, averaging 14 new investments per year over the last 10 years. In 2024, it made 38 investments, and as of Feb 2025, it has made 5 investments this year. Its most recent first-time investment was in Boba Bhai, while its recent follow-on investment was in The Whole Truth Foods.

Which sectors does Z47 (Matrix Partners) invest in?

Z47 has a diverse portfolio, with companies in the consumer Enterprise Applications, FinTech, Retail, and High Tech sectors. It has invested in 157 tech companies, 109 Consumer (B2C) companies, 85 enterprise (B2B) companies, and at least 60 software companies

Recent News of Z47 (Matrix Partners)

• US-based investment firm Matrix Partners’ Indian arm will rebrand as Z47 starting from July 1.

• VC firm Z47 plans to raise $150-180 million by selling stakes in the portfolio companies.

• Atomicwork secured $25 million in a Series A funding round led by Khosla Ventures and Z47.

• Alpha Wave Global and Z47 Partners, two key investors in the B2B marketplace OfBusiness, are set to make partial exits worth $100 million within six to nine months, as the company prepares for its public listing.

• Z47-backed D2C Brand Freakinsis in talks to raise new funding and has appointed a banker for the process.

• OneCard raises $25.5 million from QED Investors, Z47, BTV, and Peak XV Partners.

• VC fund DeVC, backed by Z47, is in talks to bring Mohit Sadaani as a new general partner.

• The Whole Truth, backed by Z47 secured $ 15 million in a Series C funding round led by Sofina.