Rahul Chaudhary, who joined venture capital fund Matrix Partners India in February last year, has quit the firm to start his new venture, according to sources aware of the development. Chaudhary left the firm in January this year.
As per sources, Chaudhary is planning to launch his new venture soon.
Before joining Matrix, Chaudhary spent nearly seven years at Treebo as the co-founder and currently serves as board member of the hotel aggregating platform. Sidharth Gupta and Kadam Jeet Jain are the other two co-founders of the Bengaluru-based company.
It’s worth noting that Matrix is an early investor in Treebo.
During Chaudhary’s tenure at Matrix Partners India, the had launched a fund worth $450 million and later extended the target size for the fund to $525 million. Since then, the fund has backed more than dozen startups including Neysa, InPrime, Krutrim SI Designs, Aampe, Atomic Work, Wootz.work, Stable Money, and Scapia, among others.
Further details about Chaudhary’s new venture couldn’t be ascertained. Queries sent to him did not elicit any response until publication of the story.
Chaudhary will join several VCs who have quit their post in 2024 to start a new venture.
In March, Nexus Venture Partners’s managing director Sameer Brij Verma left the firm to launch a multi stage fund while Peak XV’s Piyush Gupta stepped down in April to start his own VC firm. In the same month, Lightspeed’s partners Vaibhav Agrawal and Abhishek Nag put in their papers. While Agrawal is launching his own venture firm, Nag joined Mumbai-based 360 One to lead early-stage investments.
Most recently, Anand Chandrasekaran left US-based VC firm General Catalysts to focus on his AI startup Crescendo.
