Z47, a venture capital fund formerly known as Matrix Partners India, is planning to sell parts of its stakes in several portfolio companies, potentially raising $150-180 million. The companies involved include Ola, OfBusiness, Razorpay, and Dailyhunt. This move comes amid increased demand for secondary sales in the late-stage startup sector. Z47 recently rebranded and closed its largest fund at $550 million. The fund’s strategy reflects a broader trend in the VC industry as liquidity pressures rise. Z47 aims to demonstrate better returns to investors, particularly as companies begin to go public.