India Quotient Raises $129M for Fifth Fund, Targets Early-Stage Startups
India, the world's largest democracy, has seen a significant boost in its venture capital landscape. India Quotient, a leading Indian VC firm, has announced the closing of its fifth fund at $129 million, the largest in its history. This fund, a substantial scale-up from its predecessors, will focus on pre-seed and seed-stage startups across emerging sectors. Notably, 80% of the capital comes from global limited partners.
The firm has bolstered its leadership team with the promotions of Kanika Agarrwal and Sahil Makkar to Partner. India Quotient, which specializes in early-stage investments, has a strong track record with notable portfolio companies such as Sugar Cosmetics, ShareChat, Lendingkart, Kuku FM, Vyapar, and Cityflo.
The fifth fund is a substantial jump from the fourth, which closed at $80 million, and the third, which targeted $60 million. India Quotient aims to remain patient capital, avoiding pressure for rapid valuation mark-ups or premature exits.
With $129 million in its fifth fund, India Quotient is well-positioned to continue its successful track record of investing in early-stage startups. The firm's global limited partners have shown confidence in its strategy, contributing 80% of the capital. The promotions of Agarrwal and Makkar to Partner further strengthen the leadership team.
