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Home Gadgets India Quotient aims to raise $80 million in its fourth venture fund

India Quotient aims to raise $80 million in its fourth venture fund


Homegrown early-stage venture capital fund India Quotient has launched its fourth fund with plans to boost a complete corpus of round $80 million from international and home traders.

With the brand new fund, the agency plans to again 35-40 idea-stage startups in areas like software-as-a-service (SaaS), social media, direct-to-consumer (D2C), edtech and

sectors, it stated in a press release.

“We’re increasing our international investor base and can work with about 20 household places of work in India. These enterprise homes deliver us credibility, entry to markets and their world of knowledge and we give them entry to investments that had been hitherto accessible solely to abroad cash,” stated Madhukar Sinha, Companion, India Quotient.

Over the previous eight years, India Quotient has backed round 70 startups throughout sectors like fintech, edtech, healthtech, SaaS, social community, and client expertise amongst others. The agency stated that about 80% of its portfolio startups have raised follow-on funding from international traders. Amongst its key startup bets embrace ShareChat, Sugar, LendingKart, Pagarbook, and Vyapar.

“We’ll again founders when no person understands them, and we are going to again them time and again. However it’s necessary that they purpose very excessive, have the aptitude to tackle giant incumbents and wish to construct firms that go on to IPO,” stated Anand Lunia, founding accomplice, India Quotient.

This launch comes at a time when a number of distinguished enterprise capital traders have raised new funds and turn out to be laser-focused on writing first cheques for startups, making the marketplace for high-quality offers aggressive.

Elevation Capital, beforehand often known as SAIF Companions,
closed a $400 million fund in October final 12 months, whereas Lightspeed
raised $275 million in August to deploy in India and Southeast Asia, and Sequoia
closed a $1.35 billion India enterprise and development fund in July. Final month, client brands-focussed investor Fireplace Ventures had
also raised $118 million in direction of the ultimate shut of its second fund.

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