Investment Associate

Z47 (formerly known as Matrix Partners) is a venture capital firm established by former founders and operators with a goal to help catalyse India's transformation into a developed nation by 2047. The Company invests across a spectrum of high-growth sectors, including consumer technology, B2B commerce, enterprise software, and fintech. Since its inception in 2006, Z47 has partnered with visionary founders from seed to Series B, providing comprehensive support that extends far beyond capital. With USD 3.5+ billion in AUM, a portfolio of more than 100 companies, and 10 unicorns backed, Z47 is a hands-on partner dedicated to the success of entrepreneurs.

In mid-2024, we rebranded as Z47 to reflect our independence, sharpened Indian focus, and long term vision partnering with builders to help accelerate Indias march toward becoming a developed nation by 2047.

Our investment outlook is deeply rooted in Indias foundational transformation. We invest beyond just capital in hiring, scaling, strategy, and resilience.

Z47s last fund of USD 525 million (raised in 2023) signals strong LP confidence and immediate capital for new investments. Key portfolio companies include: Ola, Ola Electric (IPO done), Razorpay, Finnable, OfBusiness, Country Delight, FiveStar (IPO done), GreyLabs AI, etc.

For a deeper look into their investments, please visit: https://www.z47.com/portfolio.

Investment Thesis / Philosophy:

Z47 operates with a clear and disciplined investment strategy that shapes the role of its team members. We believe in playing the long game. The Company aims at identifying founders pursuing a transformative mission in a foundational sector.

The role youll play is anchored in this philosophy:

• Thematic Basing, Not Trend Chasing: We double down on sectors that will shape the infrastructure of modern India - not the fleeting hype cycles.
• People over Markets: We back founders over fashions. What matters most is conviction, character, and execution.
• Deep, Conviction-Driven Bets: We look to build researchanchored theses, take decisive investments, and hold them with patience.
• Active, Operative Partnership: Our team is more than funding - we roll up sleeves. We help with hiring, GTM, recruiting leadership, strategic pivots, observer roles, and more.
• Respect for the Builders Journey: Every founders path is challenging. We aim to be the first port of call, empathetic and grounded in experience.

To see how we think about sectors, markets, and founder journeys, check out our content series Zero to Infinity on our website

What Youll Own Role & Responsibilities:

The Investment Professional role at Z47 is designed for those who view investing as a long-term career. Work with a set of smart and driven individuals to find outstanding founders identify and partner the next Sachin Bansal, Bhavish Aggarwal or Deepinder Goyal! Get a ring side view into how companies like Ola, Flipkart, PayTM, Zomato, etc. are built.

The role entails identifying interesting markets, spotting trends, finding rock-star founders, leading business diligence and assisting in deal making and portfolio management.

Unlike popular perception, an investment role in a Venture Capital firm has very little to do with building financial models or reading balance sheets.

You will

• Build and Refine Thesis: Build an investment thesis in your focus sectors (e.g. FinTech, e-commerce, SaaS, Health-tech, etc). Answer the question of whether Z47 should invest in a particular space or not
• Conduct extensive (primary / secondary) research on various markets to identify areas which could be interesting to invest in
• Study global trends, identify what you can learn from those markets and how is that applicable to India

• Network and Eco System Building: Build your network and meet executives in key bellwether companies in your sectors (e.g. Flipkart for e-commerce), angel investors, other founders
• Identify and network with experts and nodes in the ecosystem who could help you refine your thesis
• Identify high-potential executives who you would like to back if they start companies in the future

• Sourcing: Find interesting founders and companies in your focus sectors
• Be the external face of Z47 in founding networks, pitch forums, and events.
• Spot emerging founders and early stage opportunities.

• Evaluation and Diligence: Work with senior investment team members to evaluate investment opportunities in the companies sourced by you:
• Lead primary diligence: speak with customers/suppliers/partners/employees of the company to assess quality and effectiveness of the product / service offered by the company
• Lead secondary diligence: run analysis on data shared by the company e.g. verify life time value of a customer, compare and benchmark growth rates with other companies in the sector, etc
• Write investment memos
• Build a financial model (if required, more relevant for late stage deals)

• Deal Execution and Structuring:
• Help in deal negotiation e.g. price/valuation, terms
• Support term sheet design, valuation discussions, legal and financial

• Portfolio Value-Add & Monitoring: Assist senior investment team members/MDs inday to day portfolio management
• Support portfolio founders on growth, strategy, hiring, scaling challenges.
• Help prepare MIS, budgeting, operational reviews, and follow-on preparation.
• Prep for board meetings, interact with boards, advise on KPI mechanisms.
• Spot senior executive candidates for portfolio companies.

Who Were Looking For:

• Tier A MBA + 3 to 5 years of relevant experience (e.g. early stage investing, or consulting).
• Designation - From associate to AVP, depending on seniority and fitment.
• Demonstrated intellectual curiosity, with the ability to deep dive into new domains
• Strong research, analytical, and synthesis skills
• Excellent communicator both in writing and conversation
• High emotional intelligence able to build trust with founders & stakeholders
• High ownership, grit, and resourcefulness
• A demonstrated interest in the Indian startup/technology ecosystem, and ideally some network of founders/operators or investors
• Existing high quality network in the Indian Startup eco system is a huge preference
• Possess a process-oriented approach and understands that successful investing is a disciplined, fiduciary responsibility to limited partners.
• Self-starter who enjoys an entrepreneurial atmosphere

Why Z47

• Mission & Impact: Join a firm that connects investing with national progress turning bold founder visions into reality.
• High Leverage, High Responsibility: In a lean team, your impact will be immediate and visible.
• Founder-First Culture: We believe in humility, empathy, and operating from the founders perspective.
• Meritocracy & Growth: Your role and growth will be a function of impact, not seniority.
• Room to Grow: Expect to rapidly ramp into lead investor responsibilities with mentorship from MDs.