Waterlife Raises $4.1 Million from Matrix Partners

Posted on December 12, 2011 by StartupCentral | 0 Comments

Waterlife India, a startup that provides affordable potable water to underserved regions, has raised Rs 22 crore (approximately $4 million at current foreign exchange rates) from Matrix Partners India. This is the company’s second round of venture capital funding after it raised an undisclosed amount from Aavishkaar Venture Management Services in 2009. The stake acquired by Matrix was not disclosed….

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Matrix-backed U2opia Sees India as Single Largest Market

Posted on October 29, 2011 by Susheela Menon

Singapore-based U2opia Mobile, fresh from a Series A round of funding (amount undisclosed) from Matrix Partners India, is looking to scale up India as its single largest market, even as it explores South East Asia and Africa. The company, founded last year by former Bubble Motion executives Sumesh Menon and Ankit Nautiyal, has a large portion of its development team…

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Omidyar Enters Indian Consumer Internet Market With Quikr

Posted on July 31, 2009 by Snigdha Sengupta

Yesterday, Mumbai-based online classifieds startup Quikr announced a Rs 20 crore Series B round of funding from Omidyar Network and existing investor Matrix Partners — see the press release here. The company had raised an undisclosed sum from Matrix in February last year. Online auction major eBay is also an investor in the firm. Incidentally, Quikr was earlier known as…

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Lightspeed Leads Rs 50 Crore Investment in ItzCash

Posted on July 22, 2009 by Snigdha Sengupta

Lightspeed Venture Partners has led a Rs 50 crore investment round in Essel Group-promoted Itz Cash Card, picking up an undisclosed stake in the Mumbai-based multi-purpose pre-paid card company. Existing investors Matrix Partners India and Intel Capital, who invested $10 million in the company in 2007, have also participated in this round. The company will use the money to venture…

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