Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<keyword id="224987" type="PERSON" weightage="20" keywordseo="Avnish-Bajaj">Avnish Bajaj</keyword> is an entrepreneur turned investor who has always been driven by the pursuit of success in entrepreneurship but from wanting to be rich to now making other people rich, he has come a long way.<br /><br /> “It has always been about achievement. That being said, money is a scorecard for achievement. Numbers are very important for investors but it is not the end of the game, it is the bridge between needs and means and for me once my needs were met, I just wanted to learn and help,” Bajaj told Business Insider, who thinks that we’re seeing the best entrepreneurs in the history of the Indian consumer tech sector.<br /><br /> In terms of investing, Bajaj thinks that all elements of the venture funding are in place and for the first time, the question of exits is being answered, “As the market starts deepening, the exits will start happening. The next decade or so are going to be very exciting for the investors,”Avnish says that the Indian founders are as competent as their American or Chinese counterparts and have great potential. <br /><br /> <keyword id="136057" type="COMPANY" weightage="20" keywordseo="Matrix-Partners">Matrix Partners</keyword> has many popular companies on its portfolio namely Ola, Practo, Dailyhunt, Quikr, Housejoy, LimeRoad, Mswipe and Cloudnine. <div type="embedgroup"> <div type="Article" hostid="261" msid="59181595" title="Exclusive: Global Superangel Forum’s (GSF) founder Rajesh Sawhney is an Innerchef at heart" rank="1.0" kind="RELATED" publishDate="Jun 16, 2017, 8:17 PM" mstype="2" mssubtype="0"></div></div>




























<br /> <b>Downturn for the win</b><br /><br /> Bajaj thinks this ‘downturn’ that the Indian start-up ecosystem is seeing is necessary, “All elements of this industry are amplified and disruptive; the entrepreneurs, the investors and even the media get carried away in the possibilities. It’s all part and parcel of being an entrepreneur; if things were so easy, everyone would be starting their own business.”<br /><br /> Avnish says that recession is a good sign as companies like Facebook and Google were started during downturns and now, the entrepreneurs will be starting for the right reasons.

    

    

    

    

    

    

    

    

    

    

    

    

    

    <div type="embedgroup"> <div type="Article" hostid="261" msid="59181977" title="Exclusive: Rajesh Sawhney banks on the people who make up companies with the right product market fit" rank="1.0" kind="RELATED" publishDate="Jun 16, 2017, 8:56 PM" mstype="2" mssubtype="0"></div></div>




























 <b>The "dis-ease" of doing business</b><br /><br /> “In India, it’s never been easy to do business but things are improving overall. What the start-ups need is protection against the negative elements even if there is no positive reinforcement,” says Bajaj regarding the role of the state in the success of new businesses.<br /><br /> Bajaj has seen hardships as an entrepreneur in 2004, as he was arrested by the Delhi police over a complaint that an obscene video had been uploaded for auction on Baazee.com. Bajaj was acquitted but then he was against let down recently with arrest of his portfolio company, <keyword id="1112419" type="UNKNOWN" weightage="20" keywordseo="Stayzilla">Stayzilla</keyword>’s founder happening on shaky grounds,”Startups are soft targets for most authorities because they don’t have the kind of influence compared to big corporate companies. We just want the government to stop harassment at all agency level. Let's extend Swacch Bharat to get India rid of corruption and harassment before we aim for loft goals like <keyword id="1929810" type="UNKNOWN" weightage="20" keywordseo="Digital-India">Digital India</keyword> and Start up India." says Bajaj who agrees that the government has the intent to support start-ups but it hasn’t reflected yet.<br />

    

    

    

    

    

    

    

    

    

    

    

    

    

    <div type="embedgroup"> <div type="Article" hostid="261" msid="59287646" title="Exclusive: Avnish Bajaj, Founder &amp;amp; MD, Matrix Partners India thinks that investing is entrepreneurship on steroids" rank="1.0" kind="RELATED" publishDate="Jun 23, 2017, 7:00 PM" mstype="2" mssubtype="0"></div></div>




























 <b>E-commerce or re-commerce?</b><br /><br /> Bajaj who is known for his e-commerce investments has agreed that the sector has lost its sheen but says that at the end of the day, the team matters above everything, “Fin-tech, Health-tech, and SAAS are the most exciting sectors right now,” Bajaj who had been pessimistic about the growth of start-ups in the past has started to get excited for the India growth story and so have we.<br /><br />

Exclusive: Avnish Bajaj, Founder & MD, Matrix Partners India says that for him, only entrepreneurs matter in a start-up

<keyword id="6354576" type="UNKNOWN" weightage="20" keywordseo="facebook">Facebook</keyword> on Thursday said it has joined hands with early stage venture capital fund <keyword id="136057" type="COMPANY" weightage="20" keywordseo="Matrix-Partners">Matrix Partners</keyword> to scale <keyword id="390673" type="PERSON" weightage="20" keywordseo="small-businesses">small businesses</keyword> in India by providing them with timely digital skilling support.<br /><br />The move comes barely a week after the social networking giant announced a grant of $4.3 million (Rs 32 crore) for more than 3,000 small businesses in Delhi, Gurgaon, Mumbai, Hyderabad and Bengaluru impacted by Covid-19.<br /><br />The tie-up with Matrix Partners is a part of Facebook's VC Brand Incubator Programme that collaborates with venture capital funds to help early-stage small and medium businesses (SMBs) to maximise their digital potential.<br /><br />In light of the pandemic, Facebook has taken the programme online to ensure continued skilling and support for small businesses even in these times.<br /><br />"Facebook is committed to supporting the growth of small businesses in India, and this charter is stronger than ever as we work towards enabling their recovery from the pandemic," Archana Vohra, Director, Small and Medium Businesses at Facebook India, said in a statement.<br /><br />With the tie-up with Matrix Partners India, the program also completes one year during which it has collaborated with six VC Funds -- Sauce.VC, Fireside Ventures, SAIF Partners, Sequoia Capital, DSG Ventures, and Matrix Partners India.<br /><br />During this period, the programme has skilled, trained and mentored more than 150 brands at various stages of their growth journey.<br /><br />Matrix Partners India is a leading early-stage investor that partners closely with SMBs across sectors including consumer technology, business-to-business, enterprise, and fintech among others.<br /><br />In India, among many other brands, they have also invested in marquee companies such as Ola, Quikr, Practo, Dailyhunt, Mswipe, Country Delight, and Razorpay among others.<br /><br />"We've been early backers in many challenger brands from across the spectrum -- eCommerce, gaming, CPG, neo-banking, healthcare, content – to name a few, and we're thrilled to see them create world-beating products and leverage Facebook's platform to reach their end consumers, and bring about large scale impact," said Sanjot Malhi, Director, Matrix India.<br /><br />"Over 20 companies from our portfolio, including Country Delight, Stanza Living, OZiva, ManMatters, Zupee, The Whole Truth, Dealshare, have now partnered with Facebook on this programme."<br /><br />As part of the VC Brand Incubator Programme, Facebook has also started Campaign Lab that helps direct-to-consumer small businesses get creative solutioning support, and go live with mobile friendly creatives and strategy in under 72 hours.<br /><br />SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/business/startups/news/this-startup-wants-to-turn-kirana-stores-into-electric-vehicle-charging-stations/articleshow/78289491.cms">This startup wants to turn kirana stores into electric vehicle charging stations</a><br /><br /><a href="https://www.businessinsider.in/careers/news/yes-bank-is-hiring-again-for-the-coming-year-after-workforce-shrinks-by-1000-since-march/articleshow/78287419.cms">EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year</a><br /><br /><br /><br />

Facebook partners with sixth VC firm in India – Matrix Partners to scale small businesses

You Searched For "ola practo dailyhunt quikr housejoy limeroad" and got 2 results

Exclusive: Avnish Bajaj, Founder & MD, Matrix Partners India says that for him, only entrepreneurs matter in a start-up

Tanya Dubey

Facebook partners with sixth VC firm in India – Matrix Partners to scale small businesses

IANS

Popular Keywords

Buying Guides