Early-stage venture capital firm India Quotient has secured $129 million (₹1,132 crore) for its fifth fund, marking a major milestone in its mission to empower the next generation of Indian founders. The fund has attracted participation from both domestic and global investors, reflecting growing confidence in India’s early-stage startup ecosystem.
The newly raised Fund V will focus on pre-seed, seed, and idea-stage startups across high-potential sectors such as SaaS, fintech, D2C, consumer brands, agritech, and content platforms. The firm plans to invest between ₹1 crore and ₹15 crore per company, with follow-on support for promising ventures as they scale.
Founded in 2012 by Anand Lunia and Madhukar Sinha, India Quotient has built a strong reputation for identifying market disruptors early. Its portfolio includes well-known startups like ShareChat, Sugar Cosmetics, Lendingkart, Kuku FM, and Vyapar, which have since attracted major institutional investors in later rounds.
Alongside the launch of Fund V, the firm has expanded its leadership team by onboarding Kanika Agarrwal and Sahil Makkar as new partners, joining existing partners Gagan Goyal, Lunia, and Sinha. This expansion signals India Quotient’s commitment to deepening its expertise across emerging sectors.
The firm stated that Fund V will stay true to its original philosophy backing founders at the idea stage and helping them achieve product-market fit before focusing on valuations. India Quotient’s hands-on approach and founder-first investment model have been key differentiators in a market where early-stage capital is often scarce.
Having already raised four funds—including an $80 million Fund IV in 2021—the firm has supported over 100 startups to date. With Fund V, India Quotient aims to double down on India’s innovation story, strengthening its role as one of the country’s most influential early-stage investors.
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