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Avnish Bajaj

Founder & Managing Partner Z47 (fka Matrix Partners India)

Avnish Bajaj is the Founder and Managing Partner of Z47 (formerly known as Matrix Partners India), a venture capital firm based in Mumbai, India.12 He has a diverse background in entrepreneurship, investment banking, and technology.

Career Highlights

  • Founder & Managing Partner at Z47 (formerly Matrix Partners India) since January 20061
  • Co-founded Baazee.com, India's largest e-commerce/auction site, which was acquired by eBay in 200412
  • Served as Chairman & Country Manager of eBay India from 2004 to 20071
  • Worked as an Associate at Goldman Sachs & Co. in Hi-Tech Investment Banking1
  • Held positions at McKinsey & Company and Apple earlier in his career1

Education

Avnish Bajaj is an alumnus of Harvard Business School.1

Investment Philosophy

Bajaj focuses on venture and early growth investing, with Z47 managing approximately $3 billion in assets.1 He emphasizes the importance of being "far more multiple of capital focused" and aims to generate 3x net returns for limited partners.2

Notable Investments

  • Early backer of Ola and Ola Electric, founded by Bhavish Aggarwal2
  • Invested in companies like Five Star Business Finance, OfBusiness, and Dailyhunt2

Avnish Bajaj is known for his experience in the Indian startup ecosystem and his transition from a successful entrepreneur to a prominent venture capitalist.3

Highlights

Jul 18 · linkedin

Exciting vision in both breadth and depth from Bhavish Aggarwal for innovation led India in 2047 as well Ola Electric & Krutrim

Doubly exciting for our new journey as #Z47

Matrix Partners India (aka Z47)

Jul 18 · linkedin

For AI, ChatGPT may have been the iPhone moment, but the AppStore moment will be the real gamechanger. AI-native apps and experiences are coming to change the way we transact on the internet. Don’t believe the skeptics - remember that the telephone to the PC to the Internet to the mobile phone, all had “experts” predicting their imminent and frequent demise!

We believe AI will also disrupt Ecommerce the way we know it with completely new shopping experiences - building for the AI-enabled e-commerce experience is the future.    Thanks to Chirag Taneja and Rajat Agarwal for this great chat on Indian e-commerce trends. Matrix Partners India (aka Z47) GoKwik  #FoundersFirst #QuickCommerce #AI

Related Questions

What are some of the notable startups that Z47 has invested in?
How did Avnish Bajaj's experience at eBay influence his venture capital career?
What was the significance of the rebranding from Matrix Partners India to Z47?
How has Z47's investment strategy evolved over the years?
What are the key achievements of Avnish Bajaj in the tech industry?
Avnish Bajaj
Avnish Bajaj, photo 1
Avnish Bajaj, photo 2
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Location

Mumbai Metropolitan Region