What cheque size does India Quotient write?

As compiled from public sources: Pre-seed/seed; ~INR 1-15 Cr per investment (~USD 120K-1.9M).

How do I pitch India Quotient through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

VC fund (Cat I) · Curated list

India Quotient

Multi-stage · Media & Entertainment · Bengaluru

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Contact on file — shared on accepted request

At a glance

Stage focus: Multi-stage
Primary sector: Media & Entertainment
City: Bengaluru
HQ / office: 3rd Floor, J.K. Plaza, 788, 12th Main Road, Indiranagar, Bengaluru, Karnataka 560038, India (office address as published on the official site). NOTE: most press consistently describes India Quotient as a "Mumbai-based" firm — see flags.
Fund registered: 2012
Investments on record: 100
Corpus (as reported): Fund V closed at $129M (~INR 1,132 cr), announced October 2025 — its largest fund to date, roughly double the ~$64M Fund IV (2021). Corrected from the record's "December 2025": the close was announced ~22–23 Oct 2025 (Dec 2025 trade pieces are follow-ups). Note: one source (Entrepreneur India) lists Fund IV as $80M, but the Inc42/Entrackr/YourStory cluster consistently states $64M.
Website: indiaquotient.in
LinkedIn: Profile ↗

About

India Quotient is an early-stage (pre-seed/seed/idea-stage) venture capital firm founded ~2011–2012 (sources vary), led by founding partners Anand Lunia and Madhukar Sinha, with partners including Sahil Makkar, Kanika Agarrwal and Gagan Goyal. It backs companies building for Indian consumers (incl. beyond Tier-1) and India/global SaaS, having invested in 100+ companies including ShareChat, Sugar Cosmetics, Lendingkart, Vyapar and Kuku FM. It operates an office in Indiranagar, Bengaluru but is widely described in press as Mumbai-based. It closed its largest fund, Fund V, at $129M (announced Oct 2025).

Investment focus

Pre-seed / seed / early-stage (idea-stage, seed, Series A). Sectors: consumer/social/media, fintech, India & global SaaS, B2B marketplaces, D2C/consumer brands, agritech. Typical cheque ~INR 1–15 crore (~$120K–$1.8M); broader reported range up to ~$3M.

Cheque size

Pre-seed/seed; ~INR 1-15 Cr per investment (~USD 120K-1.9M).

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category I — Venture capital — reported as “Major VC / Cat I”

IN/AIF1/12-13/0003

SIDBI Fund of Funds

On the SIDBI FFS list

Funds: IndiaQuotient 2

Yes — on official SIDBI FFS supported-AIF list (IndiaQuotient 2)

Notable portfolio

ShareChat; Sugar Cosmetics; Lendingkart; Vyapar; Kuku FM; Giva; Propelld; WebEngage

Team & organisation

~12 people including ~6 partners. Founded 2012 by Anand Lunia and Madhukar Sinha.

Manager-led early-stage VC; multiple SEBI-registered AIF funds (Fund I-V), Cat I/II AIF (trust-based) vehicles; multi-fund.

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Frequently asked

What does India Quotient invest in?: Pre-seed / seed / early-stage (idea-stage, seed, Series A). Sectors: consumer/social/media, fintech, India & global SaaS, B2B marketplaces, D2C/consumer brands, agritech. Typical cheque ~INR 1–15 crore (~$120K–$1.8M); broader reported range up to ~$3M.
What cheque size does India Quotient write?: As compiled from public sources: Pre-seed/seed; ~INR 1-15 Cr per investment (~USD 120K-1.9M).
How do I pitch India Quotient through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

⚑ Private VC, not a govt/DFI vehicle. DFI LP linkage: British International Investment (UK government-owned DFI, ex-CDC Group) is a confirmed limited partner in Fund IV — this is an LP relationship only and does not make the firm itself a government entity. HQ discrepancy: official site lists a Bengaluru (Indiranagar) office, but the firm is consistently reported as Mumbai-based across multiple outlets — confirm primary HQ. Minor: founding year (2011 vs 2012) and Fund V close date ("December 2025" in original record vs Oct-2025 announcement) corrected. No fraud/look-alike/name-collision detected.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://indiaquotient.in; https://www.bii.co.uk/en/our-impact/fund/india-quotient-fund-iv-investment-01/