“That the Internet is a large opportunity in India is well known and talked about – the firm’s focus is to back select high quality entrepreneurs at an early stage who are focused on bringing innovation to the Indian Internet consumer with a world class and clutter breaking user experience. This is the endeavor of the entrepreneur we have backed”, said Avnish Bajaj Managing Director, Matrix India.
“The newly established Mobile and Internet seed stage investing program demonstrates our commitment to early stage investing in India. The Indian Mobile opportunity with almost a billion Mobile subscribers is a key focus area for new investments. The recent investment in Twist Mobile, a promising Mobile games startup company is the firm’s fourth investment in the Mobile sector”, said Rishi Navani, Managing Director, Matrix India”
More details soon. Read more on Matrix Partners here.