VC fund (Cat II) · SEBI registry
IQ ALPHA V
Pre-seed / Idea · Fintech · Bengaluru
At a glance
- Stage focus
- Pre-seed / Idea
- Primary sector
- Fintech
- City
- Bengaluru
- HQ / office
- Bangalore, Karnataka (Indiranagar); also Mumbai (Powai)
- Fund registered
- 2024
- Investments on record
- 126
- Corpus (as reported)
- India Quotient Fund V raised ~$129M (2025); prior Fund IV ~$80M (2021)
- Website
- www.indiaquotient.in
- Profile ↗
About
IQ Alpha V is a SEBI Category II AIF managed by India Quotient, an early-stage VC firm founded in 2012 by Anand Lunia and Madhukar Sinha that backs India-first pre-seed and seed startups.
Investment focus
Pre-seed and seed stage; India-first consumer, fintech, B2B marketplaces, SaaS, social/media and brands
Cheque size
INR 1-15 Cr (~USD 0.5-3M) at pre-seed/seed
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/24-25/1651
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: IQ Alpha Fund IV; IQ Alpha III; IQ ALPHA IV
Yes — on official SIDBI FFS supported-AIF list (IQ ALPHA IV; IQ Alpha Fund IV; IQ Alpha III)
Notable portfolio
ShareChat; Sugar Cosmetics; LendingKart; Vyapar; GIVA; KukuFM; Propelld
Team & organisation
~13-member team incl. ~5 partners (Anand Lunia, Madhukar Sinha, Gagan Goyal, Kanika Agarrwal, Sahil Makkar)
LLP-managed SEBI Category II AIF; vehicle IQ Alpha V (SEBI IN/AIF2/24-25/1651), investment manager India Quotient Advisers LLP; multi-fund manager (Funds I-V)
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Frequently asked
- What does IQ ALPHA V invest in?
- Pre-seed and seed stage; India-first consumer, fintech, B2B marketplaces, SaaS, social/media and brands
- What cheque size does IQ ALPHA V write?
- As compiled from public sources: INR 1-15 Cr (~USD 0.5-3M) at pre-seed/seed
- How do I pitch IQ ALPHA V 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
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://www.indiaquotient.in/aif-registration-details; https://www.indiaquotient.in