India Quotient aims to raise $80 million

Homegrown early-stage venture capital firm India Quotient has launched its fourth fund with plans to collect global and domestic investors with a total corpus of about $80 million.

The company plans to help 35-40 idea-stage startups in fields such as software-as-a-service (SaaS), social media, direct-to-consumer (D2C), edtech and fintech industries with the new fund, it said in a statement.

We are expanding our global base of investors and are going to operate in India with around 20 family offices. These business houses provide us with reputation, access to markets and their world of wisdom, and we give them access to investments that were previously only open for foreign capital, said Madhukar Sinha, Partner, India Quotient.

India Quotient has funded about 70 startups across sectors such as fintech, edtech, healthtech, SaaS, social networks, and consumer technology, among others, over the last eight years. The business said that about 80 percent of its portfolio startups have received global investors’ follow-on funding. ShareChat, Sugar, LendingKart, Pagarbook and Vyapar are among its main start-up bets.