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India Quotient

Asia, Karnataka, India, Bangalore

Description

India Quotient is a prominent early-stage venture capital firm based in Bangalore, India, specializing in disruptive businesses targeting the vast Indian consumer market. Founded with a clear vision to identify and nurture innovative startups, the firm has firmly established itself as a key player in India's burgeoning startup ecosystem. Their investment thesis centers on backing companies that address unique Indian consumer needs and behaviors, often leveraging technology to create scalable and impactful solutions across various sectors.

India Quotient typically deploys capital in seed and pre-Series A rounds, with initial cheque sizes ranging from approximately $500,000 to $3 million. This flexible approach allows them to support companies from their nascent stages through significant growth milestones, demonstrating a commitment to long-term partnership. The firm is known for its hands-on approach, providing strategic guidance, operational support, and access to their extensive network, which extends beyond mere capital infusion. They maintain a broad sector interest within the consumer tech space, including fintech, edtech, healthtech, and direct-to-consumer (D2C) brands, reflecting the diverse opportunities in the Indian market.

Over the years, India Quotient has demonstrated a strong track record, having successfully raised substantial capital across multiple funds. Their latest fund, Fund IV, notably closed at $80 million in 2023, bringing their total capital raised across four funds to approximately $200 million. This significant capital base enables them to make crucial follow-on investments and support their portfolio companies through subsequent funding rounds. With a robust portfolio of over 100 companies, India Quotient continues to be a vital source of early-stage funding and mentorship for promising Indian startups, contributing significantly to the nation's digital economy and entrepreneurial landscape.

Investor Profile

India Quotient has backed more than 51 startups, with 9 new investments in the last 12 months alone. The firm has led 16 rounds, about 31% of its total and boasts 20 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in India, United States, Singapore.
  • Strong thematic focus on E-Commerce, Software, Internet.
  • Led 5 rounds in the past year.
  • Typical check size: $500K – $3M.

Stage Focus

  • Seed (41%)
  • Series A (22%)
  • Series B (18%)
  • Series D (6%)
  • Pre Seed (4%)
  • Series C (4%)
  • Series Unknown (2%)
  • Series G (2%)
  • Series E (2%)

Country Focus

  • India (94%)
  • United States (2%)
  • Singapore (2%)

Industry Focus

  • E-commerce
  • Software
  • Internet
  • Social Media
  • Fintech
  • Mobile Apps
  • Financial Services
  • Saas
  • Social Network
  • Retail
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does India Quotient frequently co-invest with?

Titan Capital
Asia, Haryana, India, Gurgaon
Co-Investments: 4
First Cheque
Asia, Maharashtra, India, Mumbai
Co-Investments: 3
Shunwei Capital
Asia, Beijing, China, Beijing
Co-Investments: 4
SAIF Partners
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 4
Better Capital
North America, California, United States, Santa Clara
Co-Investments: 3
Omnivore
Asia, Maharashtra, India, Mumbai
Co-Investments: 5
Bertelsmann India Investments
Europe, Utrecht, The Netherlands, Abcoude
Co-Investments: 4
Unitus Ventures
North America, Washington, United States, Seattle
Co-Investments: 4
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 4
Accion Venture Lab
North America, District of Columbia, United States, Washington
Co-Investments: 4

Which angels does India Quotient often collaborate with?

AF
North America, California, United States, San Francisco
Shared Deals: 1
Farid Ahsan
Asia, Karnataka, India, Bengaluru
Shared Deals: 3
Rohit Bansal
Asia, Haryana, India, Gurgaon
Shared Deals: 3
Kunal Shah
Asia, Karnataka, India, Bengaluru
Shared Deals: 4
Gaurav Batra
Asia, Delhi, India, Delhi
Shared Deals: 1
Kunal Bahl
Asia, Delhi, India, New Delhi
Shared Deals: 3
Ishendra Agarwal
Asia, Karnataka, India, Bengaluru
Shared Deals: 2
NG
North America, California, United States, San Francisco
Shared Deals: 1
Rajesh Yabaji
Asia, Karnataka, India, Bengaluru
Shared Deals: 2
Arjun Vaidya
Asia, Maharashtra, India, Mumbai
Shared Deals: 2

What are some of recent deals done by India Quotient?

Eyewear designed& labs is a eyewear startup.

Eyewear
SeedJun 18, 2025
Amount Raised: $2,200,000
Home Essentials

Gwalior, Madhya Pradesh, India

Home Essentials provides modern items that combine style and function to improve daily living and home organization.

Home AppliancesHome DecorHome Improvement
SeedJun 13, 2025
Amount Raised: $2,200,000
True Diamond

Mumbai, Maharashtra, India

True Diamond specializes in lab-grown diamond jewellery, creating unique products for customers.

JewelryProduct Design
SeedJun 3, 2025
Amount Raised: $3,033,519
Utsav

Kolkata, West Bengal, India

Utsav is a religious and spiritual apps for Indian consumers.

AppsConsumerReligion
SeedJan 30, 2025
Amount Raised: $733,500
Blitz

Bengaluru, Karnataka, India

Blitz is a delivery platform.

Delivery ServiceE-CommerceLogisticsShippingTransportation
Series ANov 20, 2024
Amount Raised: $6,043,747
Furnishka

Bengaluru, Karnataka, India

Furnishka is a furniture industries that provides wide range of products for home decor items, sofa, coffee tables and dining tables.

E-CommerceFurnitureHome DecorRetail
SeedOct 3, 2024
Amount Raised: $3,250,000
Agrim Wholesale

Gurgaon, Haryana, India

Agrim Wholesale is an Agri-Input B2B marketplace that provides bulk agricultural products and supplies, catering to farms, and distributors.

B2BE-CommerceMarketplaceRetailWholesale
Series BAug 30, 2024
Amount Raised: $17,300,000
Convin

Bengaluru, Karnataka, India

Convin is a contact center software that enhances customer interactions using AI.

AnalyticsArtificial Intelligence (AI)Natural Language ProcessingSoftwareSpeech Recognition
Series AAug 27, 2024
Amount Raised: $6,500,000
Llumo AI

Noida, Uttar Pradesh, India

Llumo AI is a generative AI company that offers AI optimisation for comprehensive evaluation of LLMs.

Artificial Intelligence (AI)Enterprise SoftwareGenerative AI
SeedAug 21, 2024
Amount Raised: $953,610
Reo.Dev

San Francisco, California, United States

Reo.Dev is a modern growth stack for developer focused companies.

Artificial Intelligence (AI)Developer ToolsMarketingSales Automation
Pre SeedFeb 27, 2024
Amount Raised: $1,200,000