IndiaQuotient Closes $129M Fund for Early-Stage Investments

IndiaQuotient, a prominent pre-seed and seed-stage venture capital fund, has successfully raised $129,000,000 in new investment capital from investors. Based out of Bangalore, India, the firm is known for its early and strategic backing of innovative startups across various sectors. Founded in 2013 by Anand Lunia and Madhukar Sinha, IndiaQuotient has established itself as a key player in the Indian startup ecosystem. Over the past decade, the fund has cultivated a portfolio exceeding 100 companies, including well-known names such as ShareChat, Giva, Sugar Cosmetics, Lendingkart, Kuku FM, and WebEngage. Its investment philosophy emphasizes identifying promising teams and ideas at their nascent stages. This significant capital raise underscores investor confidence in IndiaQuotient's track record and its strategic approach to early-stage investing. As a sector-agnostic fund, IndiaQuotient actively deploys capital in Enterprise & Software, B2B Marketplaces, FinTech, Consumer, and Social/Media segments. The firm typically invests in the range of $500,000 to $1 million, occasionally extending up to $2.5 million for pre-Series A rounds. The newly secured funds will be primarily utilized to expand IndiaQuotient's investment activities, enabling it to back a greater number of promising startups. This capital will support both new portfolio additions and provide follow-on funding for existing ventures as they scale. The infusion of capital positions IndiaQuotient to further strengthen its role in fostering innovation and entrepreneurship within India and globally. Looking ahead, IndiaQuotient plans to continue its focused strategy of identifying and nurturing early-stage companies. This funding round is expected to accelerate its mission of supporting founders building for India and the global market, reinforcing its commitment to the long-term growth of the startup landscape.