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VC fund (Cat II) · Curated list

Z47

Multi-stage · Fintech · Bengaluru

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At a glance

Stage focus
Multi-stage
Primary sector
Fintech
HQ / office
Bengaluru (registered/main): 197, 6th Main, 1st Cross, HAL 2nd Stage, Indira Nagar, Bengaluru 560038. Other India offices reported: Mumbai (601-602, Ceejay House, Dr Annie Besant Road, Worli, Mumbai 400018) and Gurugram. (Addresses from third-party directories; official z47.com renders its "Our Offices" section dynamically and could not be captured verbatim — official site blocks automated fetch with HTTP 403.)
Fund registered
2018
Investments on record
8
Corpus (as reported)
~$3.5 billion AUM (confirmed via official Z47 press release dated 23 April 2025). Latest fund (Fund IV) reported closed at ~$550M.
Website
z47.com

About

Z47 is a Bengaluru-based early-to-growth-stage Indian venture capital firm, founded in 2006 as Matrix Partners India and rebranded to "Z47" in 2024 after splitting from US-based Matrix Partners. It invests from seed to growth stage across fintech, consumer, SaaS/AI and B2B commerce, positioning itself as a founder/operator-led firm (official tagline "Founders First. Developed Nation Building."; the name references India's 2047 developed-nation goal). Founder and Managing Partner is Avnish Bajaj (co-founded with Rishi Navani); other senior leaders have included Vikram Vaidyanathan, Rajinder Balaraman and Rajat Agarwal.

Investment focus

Early-to-growth stage (Seed to Series B / "Seed to Growth"). Sectors: FinTech & FinServices, Enterprise SaaS & AI, Consumer Brands, Consumer Tech, B2B Commerce & Manufacturing, plus Health Tech, EdTech and Logistics per directories.

SEBI registration

SEBI AIF Category II — reported as “Major VC / Cat II

  • IN/AIF2/18-19/0614
  • IN/AIF2/22-23/1124

SIDBI Fund of Funds

None found

Notable portfolio

Razorpay; Ola; Ola Electric; OfBusiness; Dailyhunt (VerSe Innovation); Five Star Business Finance; OneCard; Stanza Living

Team & organisation

Rebrand: formerly "Matrix Partners India" (rebranded to Z47 in 2024 after splitting from US Matrix Partners) — name-collision risk with the unrelated US firm "Matrix Partners"; directories/profiles still index under "matrix-partners-india" slugs. Private VC (clean — no government/DFI/university linkage identified). Note: 2025-2026 reports indicate Z47 has pursued secondary stake sales in several portfolio companies and seen senior MD departures. Official site blocks automated fetch (HTTP 403), so addresses/AUM could not be read verbatim from the site itself; AUM independently confirmed via an official Z47 press release.

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Frequently asked

What does Z47 invest in?
Early-to-growth stage (Seed to Series B / "Seed to Growth"). Sectors: FinTech & FinServices, Enterprise SaaS & AI, Consumer Brands, Consumer Tech, B2B Commerce & Manufacturing, plus Health Tech, EdTech and Logistics per directories.
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About this record

  • Rebrand: formerly "Matrix Partners India" (rebranded to Z47 in 2024 after splitting from US Matrix Partners) — name-collision risk with the unrelated US firm "Matrix Partners"; directories/profiles still index under "matrix-partners-india" slugs. Private VC (clean — no government/DFI/university linkage identified). Note: 2025-2026 reports indicate Z47 has pursued secondary stake sales in several portfolio companies and seen senior MD departures. Official site blocks automated fetch (HTTP 403), so addresses/AUM could not be read verbatim from the site itself; AUM independently confirmed via an official Z47 press release.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.z47.com/; https://z47.com/contact