Z47 in early discussions to raise $300-400 million maiden fund

Z47 IS ALSO EXPLORING PARTIAL EXITS FROM SOME PORTFOLIO COMPANIES TO DEMONSTRATE INTERIM LIQUIDITY

- Priyamvada C & Sneha Shah

Z47, formerly Matrix Partners India, is in early discussions to raise its first fund, multiple people aware of the matter told Mint.

The fund is likely to target a corpus of $300-400 million and could be launched sometime next year, they said.

The investment firm is currently in talks with potential investors and is also exploring partial exits from some portfolio companies to demonstrate interim liquidity.