Matrix Partners opens second office in India at Bangalore

Multi-stage global private investment firm Matrix Partners has opened up its second office in India in Bangalore, it said on Friday. The firm had been operating out of its Mumbai office in the country.

Vikram Vaidyanathan, who is working in firm's Mumbai office as managing director, will be relocating to lead the team at Bangalore.

Vaidyanathan did engineering in electronics and communications from Rashtriya Vidyalaya College of Engineering (RVCE), Bangalore, and had short stints with Samsung and IBM Global Services before moving to NDS, a News Corp company.

Post that, he joined founders of Sensact Applications, a wireless sensor networks company. He then went on to earn his MBA from IIM Bangalore and joined McKinsey & Co where he worked across sectors, including mobile media, TV, retail, engineering construction and manufacturing. He joined Matrix Partners in October 2010.

Vaidyanathan is currently associated with nine portfolio firms of Matrix Partners: Biscoot, Five Star Business Credits, LimeTray, Mswipe, NewsHunt, Red Monster Games, Traffline, Twist Mobile and Woo.

“We are also establishing a free entrepreneur space for startups to ideate and develop their business. We plan to host a few events at this space and request domain experts in the ecosystem to partner with us to organise events that help very early entrepreneurs and startup enthusiasts,” said Vaidyanathan.

Matrix Partners makes seed-stage VC deals as well as larger ticket transactions where it participates in growth equity PE investments. Most of its investments straddle a consumer interface.

Its marquee investments include Ola and Quikr.

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