VC firm Ma­trix Part­ners to launch Delhi of­fice this week

Mint ST - - CORPORATE -

Ban­ga­lore: Ven­ture cap­i­tal (VC) firm Ma­trix Part­ners In­dia will in­crease its in­vest­ments in Delhi-based start-ups as it seeks to ex­pand its con­sumer In­ter­net port­fo­lio and tap what it says is an un­der-served mar­ket by in­vestors. Cur­rently, 50% of Ma­trix’s port­fo­lio com­pa­nies are based in Bengaluru while 15-20% are in the na­tional cap­i­tal re­gion (NCR). Ma­trix will launch its Delhi of­fice this week and has moved three of its in­vestors there. MI­HIR DALAL

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