IndiaQuotient raises $129M for fifth fund, expands management group

Early-stage VC agency IndiaQuotient has turn out to be the most recent enterprise capital agency to lift a brand new fund this yr. The Bengaluru-based agency has raised Rs 129 million for its fifth fund, making it its largest ever fund, to again pre-seed and seed-stage corporations.

“We are going to proceed to again founders lengthy earlier than their concepts turn out to be ‘sectors’. This has been true from the early days of India social, manufacturers, content material, digital lending, India software program, agritech, and lots of extra,” the agency stated in a put up on X (previously Twitter).

The agency added that it doesn’t intend to stress portfolio corporations for up rounds, excessive dilution or early liquidity, and can are available in as affected person traders. It additionally stated it’s trying to play the lengthy sport and to become profitable solely via long-term firm success.

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Moreover, the agency added that the group might be “very selective” whereas selecting to make investments, specializing in product-market match as a metric.

With the brand new fund, the agency can be increasing its management group with Kanika Agarrwal and Sahil Makkar becoming a member of Anand Lunia, Madhukar Sinha, and Gagan Goyal as Companions to assist facilitate extra offers.

IndiaQuotient had beforehand raised $80 million for its fourth fund and had a goal of investing in 35-40 startups at their early levels. The agency’s third fund had a goal corpus of $60 million.

A few of IndiaQuotient’s portfolio corporations embody cosmetics model Sugar, every day shuttle companies supplier Cityflo, social community platform ShareChar, and micro-drama and audio collection platform KukuFM, amongst others.