For its fifth fund (Fund V), early-stage venture capital firm India Quotient has raised $129 million (Rs 1,132 crore) from both domestic and international investors.
SaaS, fintech, D2C, consumer brands, agritech, and content platforms are just a few of the industries in which the company will invest in pre-seed, seed, and idea-stage startups. Investment cheques will range from Rs 1 crore to Rs 15 crore.
India Quotient was established in 2012 by Anand Lunia and Madhukar Sinha with the goal of supporting startups that cater to the needs of Indian consumers and SMEs. It was one of the first investors in Kuku FM, Lendingkart, Sugar Cosmetics, ShareChat, and Vyapar.
Along with current partners Gagan Goyal, Lunia, and Sinha, India Quotient has also added Kanika Agarrwal and Sahil Makkar to its partnership team with the new fund.
Fund V will continue to support founders during the ideation phase, provide follow-on support, and prioritize product-market fit over valuation growth, according to the firm.
In 2021, India Quotient launched a $80 million Fund IV, one of four funds it has raised to date, supporting more than 35 early-stage startups. Several of the portfolio companies have raised follow-on rounds from international investors, and the firm has backed over 100 startups in the last ten years.
