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    IndiaQuotient

    Bangalore, IndiaFounded 2012

    India Quotient is an early-stage venture capital firm based in Bengaluru, India, backing startups building disruptive businesses aimed at Indian consumers. The firm writes a startup's first cheque, investing across SaaS, fintech, D2C brands, social media, and agritech.

    Deal activity increased 37% year-over-year (41 deals in the last 12 months). Average disclosed round size is $22.4M (across 736 rounds with reported amounts).

    Find people at IndiaQuotient on Goldilocks AI

    Portfolio

    580

    Fund Size

    $129M

    Top Stage

    Series A

    Last 12 Mo

    71

    Team

    Anand Lunia

    Anand Lunia

    Founding Partner

    Madhukar Sinha

    Madhukar Sinha

    Founding Partner

    Hemant Agarwal

    Hemant Agarwal

    Associate

    Puneet Kumar

    Puneet Kumar

    Associate

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    862 investments
    CompanyRoundAmountDate
    PPeekoSeries A$7MAug 2026
    Stable Money logoStable MoneySeries C$14.3MAug 2026
    Bioscan Research logoBioscan ResearchSeed$1MJul 2026
    30 Sundays logo30 SundaysSeries A$6.7MJul 2026
    Ikin Global logoIkin GlobalUnknown$2MJun 2026
    SSedaiSeries B$20MJun 2026
    Manam Chocolate logoManam ChocolateSeries A$9MJun 2026
    QubeHealth logoQubeHealthSeries AJun 2026
    Beacon logoBeaconSeries C$225MJun 2026
    GoodScore logoGoodScoreSeries A$13MMay 2026
    MoEngage logoMoEngageSeries E$77MMar 2026
    AquaExchange logoAquaExchangeSeries B$8MMar 2026
    Verdant Impact logoVerdant ImpactSeed$3MMar 2026
    Wootzwork logoWootzworkSeries A$6.6MFeb 2026
    Showroom B2B logoShowroom B2BSeries A$17MFeb 2026
    Mysa logoMysaSeed$3.4MJan 2026
    Aerem logoAeremSeries B$15MJan 2026
    Zanskar logoZanskarSeries C$115MJan 2026
    Dazzl logoDazzlSeed$3.2MJan 2026
    Sukino logoSukinoSeries B$31MJan 2026
    TakeMe2Space logoTakeMe2SpaceSeed$5MJan 2026
    Ninjacart logoNinjacartUnknown$6MJan 2026
    Scapia logoScapiaUnknown$63MJan 2026
    Pramaana Labs logoPramaana LabsSeed$27MJan 2026
    The Whole Truth logoThe Whole TruthSeries D$51MJan 2026
    Page 1 of 35

    Top Co-Investors

    Accel32 shared
    Titan Capital24 shared
    Stellaris Venture Partners22 shared
    Kae Capital21 shared
    Rainmatter21 shared
    DeVC20 shared
    Omnivore19 shared
    3one4 Capital19 shared
    WestBridge Capital18 shared
    Unicorn India Ventures18 shared
    RTP Global16 shared

    Last updated: 7 September 2026