Rebranding was a natural evolution for us: Avnish Bajaj on Matrix’s split

During the first wave of venture capital in India, Avnish Bajaj started the operations of Matrix Partners India along with Rishi Navani in 2006. On June 29 this year, Matrix India, an early backer of mobility startups Ola and Ola Electric; business-to-business commerce platform OfBusiness and fintech Razorpay, said it was going independent and rebranding itself to Z47, a move reminiscent of Sequoia US splitting from its India and China units a year ago.