Date:04/08/2006 URL: http://www.thehindu.com/2006/08/04/stories/2006080403961811.htm

Business - Briefly

Matrix Partners India launches $ 150 million fund

HYDERABAD: Matrix Partners India and Matrix Partners U.S. together on Thursday announced the closing of a $150 million Consumer Services Risk Capital Fund in India. A press release said the fund would focus on businesses in internet, mobile and financial services, media and entertainment, healthcare, travel and leisure sectors and the like. The heavily over-subscribed fund aimed at partnering with entrepreneurs to build market-leading companies in the consumer services domain, said Avnish Bajaj and Rishi Navani, founders of Matrix Partners India.