# India Quotient: portfolio, investments and team

> India Quotient is a vc firm based in India. 78 investments on record, 3 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/indiaquotient (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# India Quotient

Last cheque observed Jul 2026; 78 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A India And Global SaaS B2B Marketplaces Social / Media

Follow India Quotient and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Findiaquotient)

Deploying now

**27%** of best year **3** **cheques in 12 months**, 78 on record

Since the last cheque **122** days **00** hrs **00** min **00** sec

Median round **$4.0M** Rounds led **0 of 78** Sole investor **29 rounds** Mostly in **United States, 80%**

Pitch India Quotient

## India Quotient highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Seed and Series A: 79% of its rounds
- 03 Sole investor in 29 rounds, median $954K

## What they do

> IndiaQuotient is a new type of early-stage investor. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** India And Global SaaS B2B Marketplaces Social / Media
- **Based in:** Bengaluru, India
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **78 appearances**

- **2026** 2 rounds
- **Jul** **[Reo.Dev](https://millionrounds.com/company/reo-dev)** Series A · US **$11M** With 3 others
- **Feb** **[Home Essentials](https://millionrounds.com/company/home-essentials)** Series B **$7.7M** Sole investor
- **2025** 11 rounds
- **Nov** **[GoComet](https://millionrounds.com/company/gocomet)** Series B · SG **$12M** With 2 others
- **Oct** **[Openhouse](https://millionrounds.com/company/openhouse)** Seed **$2.0M** Sole investor
- **Sept** **[PlatinumRx](https://millionrounds.com/company/platinumrx)** Series A **$6.0M** Sole investor
- **Sept** **[Distil](https://millionrounds.com/company/distil)** Series A **$7.7M** With 1 other
- **Sept** **[Navo](https://millionrounds.com/company/navo)** Seed **$901K** With 3 others
- **Sept** **[Ziffi Chess](https://millionrounds.com/company/ziffi-chess)** Series A **$5.0M** With 1 other
- **Aug** **[DPDzero](https://millionrounds.com/company/dpdzero)** Series A **$7.0M** With 1 other
- **Jun** **[True Diamond](https://millionrounds.com/company/true-diamond)** Seed **$3.0M** With 1 other
- **Jun** **[Popclub](https://millionrounds.com/company/popclub)** Venture **$30M** Sole investor
- **Jun** **[Eyewear designed& labs](https://millionrounds.com/company/eyewear-designed-and-labs)** Seed **$2.2M** With 1 other
- **Jan** **[Utsav](https://millionrounds.com/company/utsav)** Seed **$733K** Sole investor
- **2024** 9 rounds
- **Nov** **[Blitz](https://millionrounds.com/company/blitz)** Series A **$6.0M** With 4 others
- **Oct** **[Furnishka](https://millionrounds.com/company/furnishka)** Seed **$3.3M** With 2 others
- **Aug** **[Agrim Wholesale](https://millionrounds.com/company/agrim-wholesale)** Series B **$17M** Sole investor
- **Aug** **[Convin](https://millionrounds.com/company/convin)** Series A **$6.5M** With 3 others
- **Aug** **[Llumo AI](https://millionrounds.com/company/llumo-ai)** Seed **$954K** Sole investor
- **Jun** **[Maino.ai](https://millionrounds.com/company/maino-ai)** Seed **$1.8M** Sole investor
- **May** **[Fyllo](https://millionrounds.com/company/fyllo)** Series A **$4.0M** With 4 others
- **Mar** **[NatNosh](https://millionrounds.com/company/natnosh)** Series A **$270K** Sole investor
- **Jan** **[Curie Money](https://millionrounds.com/company/curie-money)** Seed **$1.2M** Sole investor
- **2023** 4 rounds
- **Nov** **[General Autonomy](https://millionrounds.com/company/general-autonomy)** Seed **$3.0M** With 1 other
- **Oct** **[BharatAgri](https://millionrounds.com/company/bharatagri)** Series A **$4.2M** Sole investor
- **Oct** **[Pep](https://millionrounds.com/company/pep)** Seed **$2.5M** With 1 other
- **Mar** **[Luru](https://millionrounds.com/company/luru)** Seed · US **$1.4M** Sole investor
- **2022** 9 rounds
- **Nov** **[Masai School](https://millionrounds.com/company/masai-school)** Series B **$10M** With 2 others
- **Nov** **[RapidBox](https://millionrounds.com/company/rapidbox)** Series A **$4.5M** With 1 other
- **Oct** **[GlobalFair](https://millionrounds.com/company/globalfair)** Series A · US **$12M** With 1 other
- **Sept** **[Saveo](https://millionrounds.com/company/saveo)** Seed **$3.5M** With 4 others
- **Jul** **[Brands.live](https://millionrounds.com/company/brands-live)** Seed **$1.0M** Sole investor
- **May** **[Fanztar](https://millionrounds.com/company/fanztar)** Seed **$646K** Sole investor
- **Mar** **[RecordBook](https://millionrounds.com/company/recordbook)** Pre-seed **$1.6M** With 4 others
- **Jan** **[Square Off](https://millionrounds.com/company/square-off)** Venture · US **Undisclosed** Sole investor
- **Jan** **[Vyapar App](https://millionrounds.com/company/vyapar-app)** Series B **$30M** Sole investor
- **2021** 6 rounds
- **Dec** **[Frnd](https://millionrounds.com/company/frnd)** Series A **$6.5M** With 1 other
- **Dec** **[Tournafest](https://millionrounds.com/company/tournafest)** Pre-seed **$400K** With 1 other
- **Dec** **[Trinkerr](https://millionrounds.com/company/trinkerr)** Series A **$6.6M** With 2 others
- **Jul** **[Pankhuri](https://millionrounds.com/company/pankhuri)** Seed **$3.2M** With 2 others
- **Mar** **[Kosh](https://millionrounds.com/company/kosh)** Venture **Undisclosed** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **8** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$558M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** India Quotient Advisers LLP
- **SEC number:** CRD 338845

## What they claim to have backed

From their own portfolio page (on their website)

**39** of 60 we have independently watched raise

[91mobiles](https://millionrounds.com/company/91mobiles)[Care24](https://millionrounds.com/company/care24)[Cityflo](https://millionrounds.com/company/cityflo)[Convin](https://millionrounds.com/company/convin)[Coolberg](https://millionrounds.com/company/coolberg)[Curofy](https://millionrounds.com/company/curofy)[Distil](https://millionrounds.com/company/distil)[Dpdzero](https://millionrounds.com/company/dpdzero)[Faballey](https://millionrounds.com/company/faballey)[Fanztar](https://millionrounds.com/company/fanztar)[Flynote](https://millionrounds.com/company/flynote)[Furnishka](https://millionrounds.com/company/furnishka)[Giva](https://millionrounds.com/company/giva)[Gocomet](https://millionrounds.com/company/gocomet)[Holachef](https://millionrounds.com/company/holachef)[Homeessentials](https://millionrounds.com/company/home-essentials)[Intoglo](https://millionrounds.com/company/intoglo)[Lendingkart](https://millionrounds.com/company/lendingkart)[Loantap](https://millionrounds.com/company/loantap)[Luru](https://millionrounds.com/company/luru)[Masaischool](https://millionrounds.com/company/masai-school)[Mayalabs](https://millionrounds.com/company/maya-labs)[Pankhuri](https://millionrounds.com/company/pankhuri)[Platinumrx](https://millionrounds.com/company/platinumrx)[Propelld](https://millionrounds.com/company/propelld)[Rekord](https://millionrounds.com/company/rekord)[Rocket](https://millionrounds.com/company/rocket)[Roposo](https://millionrounds.com/company/roposo)[Saveo](https://millionrounds.com/company/saveo)[Sharechat](https://millionrounds.com/company/sharechat)[Shephertz](https://millionrounds.com/company/shephertz)[Topmate](https://millionrounds.com/company/topmate)[Tournafest](https://millionrounds.com/company/tournafest)[Tradeface](https://millionrounds.com/company/tradeface)[Trinkerr](https://millionrounds.com/company/trinkerr)[Truediamond](https://millionrounds.com/company/true-diamond)[Upwards](https://millionrounds.com/company/upwards)[Vyaparapp](https://millionrounds.com/company/vyapar)[Yolobus](https://millionrounds.com/company/yolobus) 8club Agrim Alaroworld Badho Blitznow Brands Clarityapp Cosmafertility Creditmate Curie Eazypg Eluno Engraveawards Fixmycurls Flabslis Fleetx Fyllo Gaugau Getkosh Getlokalapp Getpowerplay and 37 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$4.0M** the round, not its cheque Alone, median **$954K**

Led 0 of 78 rounds **0%**

- **Sole investor:** 29 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Seed said *37*
- Series A said *19*
- Series B said *8*
- Venture *5*
- Pre-seed said *2*
- Growth said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [First Cheque](https://millionrounds.com/fund/first-cheque) 6
- [Titan Capital](https://millionrounds.com/fund/titan-capital-2) 6
- [Kalaari Capital](https://millionrounds.com/fund/kalaari-capital) 5
- [Elevation Capital](https://millionrounds.com/fund/elevation-capital-2) 4
- [Kae Capital](https://millionrounds.com/fund/kae-capital) 4
- [Kunal Shah](https://millionrounds.com/fund/kunal-shah) 4

**Pitching India Quotient?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as India Quotient. A count of rooms they were both in, not a relationship either has claimed.

[**First Cheque** VC firm **6** rounds together](https://millionrounds.com/fund/first-cheque)[**Titan Capital** VC firm **6** rounds together](https://millionrounds.com/fund/titan-capital-2)[**Kalaari Capital** VC firm **5** rounds together](https://millionrounds.com/fund/kalaari-capital)[**Elevation Capital** VC firm **4** rounds together](https://millionrounds.com/fund/elevation-capital-2)[**Kae Capital** VC firm **4** rounds together](https://millionrounds.com/fund/kae-capital)[**Kunal Shah** Angel **4** rounds together](https://millionrounds.com/fund/kunal-shah)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Sequoia Capital** VC firm **3** rounds together](https://millionrounds.com/fund/sequoia-capital)[**3one4 Capital** VC firm **2** rounds together](https://millionrounds.com/fund/3one4-capital)[**9Unicorns** VC firm **2** rounds together](https://millionrounds.com/fund/9unicorns)[**Alteria Capital** Venture debt **2** rounds together](https://millionrounds.com/fund/alteria-capital)[**Ashish Goenka** Angel **2** rounds together](https://millionrounds.com/fund/ashish-goenka)

## Recently backed

The latest companies India Quotient put money into.

[**Reo.Dev** $11M · Jul 2026](https://millionrounds.com/company/reo-dev)[**Home Essentials** $7.7M · Feb 2026](https://millionrounds.com/company/home-essentials)[**GoComet** $12M · Nov 2025](https://millionrounds.com/company/gocomet)[**PlatinumRx** $6.0M · Sept 2025](https://millionrounds.com/company/platinumrx)[**Distil** $7.7M · Sept 2025](https://millionrounds.com/company/distil)[**Navo** $901K · Sept 2025](https://millionrounds.com/company/navo)

## On podcasts

3 episodes naming India Quotient in the title.

- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 5 Nov 2023 · 1h 36m Mastermind Behind India's Hottest Startups - Sharechat, Sugar Cosmetics, KuKu FM I India Quotient VC Mentions [India Quotient](https://millionrounds.com/fund/indiaquotient)[Anand Lunia](https://millionrounds.com/person/anand-lunia) Apple Podcasts
- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 13 Jun 2021 · 1h 8m Investing in outliers with Madhukar Sinha, Founder, India Quotient Mentions [India Quotient](https://millionrounds.com/fund/indiaquotient)[Anand Lunia](https://millionrounds.com/person/anand-lunia) Apple Podcasts
- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 16 Feb 2020 · 1h 7m Anand Lunia, India Quotient With [Anand Lunia](https://millionrounds.com/person/anand-lunia) Mentions [India Quotient](https://millionrounds.com/fund/indiaquotient) Apple Podcasts

## Quick answers about India Quotient

### What does India Quotient invest in?

India Quotient invests most often at Seed and Series A (79% of the rounds on record), in sectors such as India And Global SaaS, B2B Marketplaces and Social / Media.

### How active is India Quotient?

78 investments on record, 3 of them in the last 12 months. The most recent was in Jul 2026.

### What has India Quotient invested in recently?

Its most recent investments on record: Reo.Dev (Series A, Jul 2026), Home Essentials (Series B, Feb 2026) and GoComet (Series B, Nov 2025).

### How big are India Quotient's cheques?

The median round it joins is $4.0M.

### Does India Quotient lead rounds?

Rarely, if at all: none of its 78 investments on record names it as the lead.

### Where does India Quotient invest?

Most of the companies it backs are in the United States (80%) and Singapore (20%).

### Is India Quotient investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does India Quotient invest alongside?

Most often First Cheque (6 rounds together), Titan Capital (6 rounds together) and Kalaari Capital (5 rounds together).

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