India Quotient launches its fourth early-stage fund

Early-stage venture capital firm India Quotient has announced the launch of its fourth fund for startups in the SaaS, social media, D2C, edtech and fintech spaces. 

With a total corpus of approximately $80 million from global and domestic allocations, India Quotient is looking to support 35-40 early-stage startups. In addition to being the first investor, India Quotient will also bring its network of founders, mentors, and access to follow on capital. 

Previously, the venture fund had marked the first close of its third fund in April 2018 with $30 million and made the final close of the fund at $60 million in November 2019.

“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 IPO…,” founding partner of India Quotient Anand Lunia said in a statement.

India Quotient already has funded close to 70 startups over the last 8 years. According to the venture fund, 80% of its portfolio companies have gone on to raise funds for follow-on rounds from global investors.

Some notable portfolio companies of the firm include LendingKart, ShareChat, Sugar, LoanTap, Pagarbook, myHQ, Vyapar and Flynote.

Over the past six months, around half a dozen early-stage focused funds have closed new rounds. In September, 3one4 Capital had marked the first close of its third venture capital fund with a target corpus of $100 million followed by Elevation Capital which also announced the close of its seventh fund at $400 million. 

Earlier this year, Mirae Asset and Fireside Ventures had launched their early-stage focused funds worth $35 million and $118 million, respectively.