India Quotient raises fourth fund worth $80mn for 'game-changing' startups

ndia Quotient has supported LendingKart and ShareChat | Representational image
India Quotient, an early-stage venture capital fund, said on Thursday the launch of its fourth fund for Indian startups worth $80 million (Rs 570 crore approximately). The corpus has been raised from global and domestic investors. 

The fund will be focused on supporting startups in the SaaS, social media, D2C, education technology and fin-tech sectros, said India Quotient, adding it will support 35-40 "game-changing ideas".

India Quotient has funded close to 70 startups over the last eight years. Of the portfolio companies the venture fund has backed, nearly 80 per cent have gone on to raise funds for follow-on rounds from marquee global investors and nearly a third of the companies have gone on to achieve massive scale for their businesses. India Quotient has supported LendingKart and ShareChat.

“We are extremely excited to launch our fourth fund after 5 successful career investment cycles till date, at an inflection point in India’s growth story. We will back founders when nobody understands them, and we will back them again and again. But it’s mandatory that they aim very high, have the capability to take on large incumbents and want to build companies that go on to IP0. They could have easily gone and worked for Facebook or Google, but they won’t just settle for that,” said Anand Lunia, founding partner at India Quotient:



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel