Remaking Matrix Partners India after co-founder Rishi Navani's exit

On Thursday, the 10-year partnership between Rishi Navani and Avnish Bajaj, founders of Mumbai-based venture capital firm Matrix Partners India, formally came to an end. Navani has moved out of Matrix’s digs at the plush Ceejay House office complex in mid-town Mumbai. He’s taking up residence just a few minutes down the road at the Four Seasons hotel where his new investment firm, christened Epiq Capital, gets down to work in a few weeks. Bajaj remains on board to steer Matrix through the next decade of venture capital investing in India, which already promises to be more exciting and challenging than the last.