Z47

Z47 (formerly Matrix Partners India, rebranded in 2024) is a Bengaluru-headquartered venture capital firm founded in 2006 by Avnish Bajaj and Rishi Navani, investing in technology startups targeting the Indian consumer and global enterprise markets. The new name reflects India's goal of becoming a developed nation by 2047. The firm enters early partnerships, typically Seed to Series B, across fintech, enterprise SaaS/AI, consumer brands, consumer tech, frontier tech, and B2B commerce/manufacturing, and describes itself as the only major Indian VC composed entirely of former founders and operators.

Entire investment team are former founders/operators, not traditional finance professionals — a distinctive positioning among major India VCs. 20-year operating history under its original name. Backed major exits/IPO-track companies including Ola, Razorpay, and OfBusiness.

Email [email protected] or reach out via LinkedIn; a direct referral gets the fastest response, but cold outreach from India-focused founders is explicitly welcomed.

197, 6th Main, 1st Cross, HAL 2nd Stage, Indira Nagar, Bengaluru 560038, Bengaluru, Karnataka