Matrix Partners, a US-based investment firm with additional offices in India and China, this morning announced that it has closed two new funds: Matrix Partners China II (at $350 million) and Matrix Partners India II (at $300 million). The funds bring the firm's total international assets under management to $650 million in China and $600 million in India. Matrix Partners established an India presence back in 2006 and has an experienced entrepreneur running its investment team there: Avnish Bajaj, co-founder and former CEO of India's largest online marketplace Baazee.com (acquired by eBay). The firm has been active in China since 2008.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/-IC08HeA8-8/
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