Listen: A flat round is the new up round (in this crisis) -- Tarun Davda, Matrix Partners India

As the global lockdown on account of the Covid-19 crisis runs into another month, venture capital firms, large and small, are in the middle of deploying survival strategies for their portfolio companies and in turn for themselves. Mumbai-based Matrix Partners India is no exception.

In this episode of the TechCircle #CapitalCall podcast series, Tarun Davda, managing director at the Mumbai-based firm spoke about how the team has been working with its vast portfolio of investee companies across varied sectors to extend operational runways over the next 12-24 months, devise ‘offence strategies’ for the post Covid-19 world and inside rounds. 

The firm, he said, also continues to make new investments across select sectors.

Matrix Partners India is currently investing from a $300 million fund that it raised sometime in 2018. Some of its recent deals include online technology learning platform Camp K12; logistics solutions startup Loadshare; and skill based gaming platform Zupee. 

Overall, the firm, which is the local franchise of US-based Matrix Partners, has backed more than 60 companies here across sectors such as consumer technology, B2B, enterprise and fintech. It currently has more than $1 billion under management and some of its earlier investments include shared mobility platform Ola, news content aggregator Dailyhunt and payments solutions platform Razorpay.