Matrix
Matrix took part in 1 disclosed round in Indian startups in 2026 (0 as lead), most often Series B rounds in Commerce & Consumer Brands; its latest was DaMENSCH on 7 September 2026.
About Matrix
Matrix has backed Indian startups that StopDown covered, listed below.
Deals in 2026
| Date | Company | Round | Amount | Role | Co-investors | Story |
|---|---|---|---|---|---|---|
| 7 September 2026 | DA | Series B | Rs 17.40 Cr | Participant | A91 Partners, Saama Capital, Whiteboard Capital | Story |
Stage and sector mix
Disclosed rounds Matrix took part in, by stage and by sector.
| Stage | 2026 | 2025 |
|---|---|---|
| Series B | 1 | 0 |
| Sector | 2026 | 2025 |
|---|---|---|
| Commerce & Consumer Brands | 1 | 0 |
Frequent co-investors
| Investor | Rounds together |
|---|---|
| A91 Partners | 1 |
| Saama Capital | 1 |
| Whiteboard Capital | 1 |
Exits and IPOs in the portfolio
| Company | Event | Latest story | Date |
|---|---|---|---|
| OF | IPO | OfBusiness plans $800m IPO for November 2026 listing | 5 August 2026 |
Indian portfolio
- DA
DaMENSCHCommerce & Consumer Brands · in at Series B · 2026
- OF
OfBusinessCommerce & Consumer Brands · 2025
India-based companies only. Linked names have a StopDown page; the rest link up on their own as soon as we cover them.
Matrix in the news
- DADaMENSCH · Funding · 7 September 2026 · Rs 17.40 CrDaMENSCH raises ₹17.40 crore in extended Series B round at flat valuationDaMENSCH is a direct-to-consumer men’s apparel brand offering innerwear, casualwear, and everyday apparel in India
- OFOfBusiness · People · 17 December 2025OfBusiness cofounder Nitin Jain quits for manufacturing ventureOfBusiness is a B2B ecommerce platform for raw material procurement and financing to SMEs
Read next: companies in the portfolio
Questions about Matrix
How many investments did Matrix make in India in 2026?
StopDown has recorded 1 disclosed round in Indian startups with Matrix in 2026 so far, 0 of them as lead. The latest was DaMENSCH on 7 September 2026 (Rs 17.40 Cr).
Which sectors does Matrix invest in?
In the 2025 and 2026 rounds StopDown recorded, Matrix invested most often in Commerce & Consumer Brands (1 round).
Does Matrix lead rounds?
In the 1 round StopDown recorded in 2025 and 2026, Matrix joined as a participant; none named it as the lead.