India Quotient launches $80 million fund for Indian startups

Of the portfolio companies the venture fund has backed, nearly 80 percent 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 scale for their businesses, the statement said.

While the partners were associated in the past with Rebel Foods, Redbus etc, some of the success stories from the India Quotient stables include: LendingKart, ShareChat, Sugar, Pagarbook, and Vyapar.

Speaking on the occasion, Anand Lunia, founding partner, India Quotient, said: “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.”

Adding to this, Madhukar Sinha, Partner India Quotient, said, “, “We are expanding our global investor base and will work with about 20 family offices in India. These business houses bring us credibility, access to markets and their world of wisdom and we give them access to investments that were hitherto available only to overseas money.”