# India Quotient

India Quotient is a Private Equity based in Ahmedebad, Gujarat, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Ahmedebad, Gujarat, India
- **Region:** Asia
- **Address:** Bengaluru, India
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.indiaquotient.in
- **LinkedIn:** https://www.linkedin.com/company/india-quotient

## Regulatory record

- **CRD number:** 338845
- **SEC file number:** 802-134887
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/338845

## About

IndiaQuotient is an investment firm funding Indian startups. It invests at paper stage through pre-seed and seed, with equal conviction whether a company is only a thought or already has customers, and prefers demos over decks. It backs founders solving for the real India across areas such as India and Global SaaS, B2B marketplaces, social/media, fintech, brands and consumer, and has been doing so for the last 14 years.

## Sectors

- Consumer Tech
- Enterprise Software
- FinTech
- Media & Entertainment
- AgriTech & FoodTech

## People

- Anand Lunia — Founding Partner
- Madhukar Sinha — Founding Partner

## Questions

### Who runs investment decisions at India Quotient?

Anand Lunia and Madhukar Sinha serve as founding partners and lead investment decisions. Lunia brings operating experience to the partnership; Sinha contributes investment discipline. The firm operates with a lean central investment committee rather than a large partnership layer.

### What stage does India Quotient target, and how is that different from other Indian VCs?

India Quotient targets pre-seed and seed — often backing founders before they have a launched product. When the firm started in 2012, most Indian venture firms wrote Series A checks; India Quotient committed exclusively to the earliest institutional entry point. It has not expanded into growth equity, keeping the stage mandate clean.

### Which sectors does India Quotient invest in?

The firm focuses on Indian consumer internet, fintech, enterprise software, media, and agritech. It avoids deep-tech hardware and biotech. The portfolio reflects broad horizontal platform bets rather than narrow vertical SaaS or infrastructure plays.

## Related profiles

- [Indian Startup Factory](https://altss.com/profile/indian-startup-factory)
- [India SME Investments](https://altss.com/profile/india-sme-investments)

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Last updated: 2026-08-11T15:07:05.535Z

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