NEW DELHI -- Matrix Partners India, an early backer of ride aggregator Ola and payment startup Razorpay, has raised $517 million so far for its fourth fund, surpassing its original $450 million target, according to regulatory filings with the U.S. Securities and Exchange Commission.
The total that the venture capital firm is now looking to raise for the fund is $525 million as it looks to ramp up investments in India's burgeoning startup ecosystem.
