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Balaraman and Tarun Davda, Partner and Managing Director of Matrix Partners India, spoke to Moneycontrol after closing their fourth India-dedicated fund, raising $525 million. Along with General Partner Commitment and employee participation, the fund was closed at $550 million, the two partners said. This fund is the largest ever raised by the venture capital firm and will be used to invest in around 45-50 companies.
Get latest articles and stories on Business at LatestLY. Park+, a super app for car owners, has raised INR 140 crore in series C funding. The company s funding was led by Epiq Capital II. Matrix Partners India & Sequoia Capital India also participated in the round. With this funding, Park+ aims to expand Park+ s presence in over 100+ cities and to hire 200+ employees, expanding its services verticals to supercharge Park+ s next growth phase. Business News | Park+ Raises 140 Cr in Series C Funding, Plans Expansion to 100+ Cities.
Super app for car owners Park+ has raised $17 million (about Rs 140 crore) in its Series C round, led by existing investors Epiq Capital, Sequoia Capital, and Matrix Partners India.
The round values the Gurugram-based company at $340 million, up from .