About India Quotient
India Quotient is a venture capital firm founded in 2011. It is primarily based out of Mumbai, India. As of Aug 2026, India Quotient is an active investor, having invested in 132 companies, with 8 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and Retail. Most recently it participated in the $***** Series A round of UtsavApp Overall, India Quotient portfolio has seen 1 unicorn and 21 acquisitions including key companies like ShareChat, Upwards and myHQ. A lot of funds co-invest with India Quotient, with names like Angel List sharing a substantial percentage of its portfolio. India Quotient has team of 13 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
Deals in last 12 months
India Quotient's List of Top Investments
India Quotient has a portfolio of 132 companies, one of which is a Unicorn. Their most notable investments are in LoanTap and LoanTap.Their portfolio spans across India, United States and Singapore. They have invested in Consumer, Enterprise Applications, Retail and 26 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by India Quotient:1. GIVA
Retailer of silver, gold, and lab-grown diamond jewellery. The company offers a variety of jewellery items, including rings, necklaces, pendants, bracelets, and earrings. It also provides personalized jewellery options and gift cards. ```
Key facts about GIVA
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $154M
- Employee Count: 3,227 as on Apr 30, 2026
- Investors: Premji Invest, Sixth Sense Ventures and 83 Others
- Latest Funding Round: Angel, May 25, 2026, $*****
- Highlight: Editors' Pick
2. Vyapar
Developer of software for business accounting and inventory management tasks. This platform enables users to generate invoices, track stock levels, and monitor financial transactions. It supports the creation of tax-compliant documents and provides tools for managing payment records. The software functions across multiple devices and allows for offline data entry with synchronization capabilities. Users can utilize features for barcode scanning, expense tracking, and report generation to maintain business records.
Key facts about Vyapar
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $36.3M
- Employee Count: 1,382 as on Aug 31, 2025
- Investors: WestBridge Capital, India Quotient and 15 Others
- Latest Funding Round: Series B, Jan 25, 2022, $*****
- Highlight: Editors' Pick
3. Kuku FM
Provider of an AI-native storytelling platform offering audio, video, and edutainment content. The platform enables creators to produce, distribute, and monetize stories across various digital formats. It delivers immersive experiences through fiction, romance, mythology, and self-growth content, while providing tools for automated production and optimization. The service caters to mobile-first users by offering accessible, language-focused storytelling and practical learning resources.
Key facts about Kuku FM
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $134M
- Employee Count: 245 as on Apr 01, 2026
- Investors: Verlinvest, India Quotient and 67 Others
- Latest Funding Round: Angel, Mar 30, 2026, $*****
- Highlight: Editors' Pick
4. Cityflo
Operator of app based bus services for daily office commutes. This service provides scheduled transportation for individuals traveling between residential areas and workplaces. Passengers use a mobile application to reserve seats, track vehicle locations, and manage travel schedules. The service utilizes air conditioned buses to transport commuters along fixed routes with designated stops. Users can select from various subscription plans to accommodate different work schedules.
Key facts about Cityflo
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $19M
- Employee Count: 177 as on Jul 31, 2025
- Investors: Chiratae Ventures, India Quotient and 52 Others
- Latest Funding Round: Series B, Nov 04, 2025, $*****
- Highlight: Editors' Pick
5. Agrim
Operator of a digital marketplace for agricultural input supply procurement. This platform connects manufacturers with retailers to facilitate the distribution of seeds, fertilizers, pesticides, and farm machinery. The system enables retailers to browse product catalogs and manage inventory replenishment through an online interface. By streamlining the procurement process, the service assists in the movement of agricultural supplies from producers to local retail outlets.
Key facts about Agrim
- Founded Year: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $33.1M
- Employee Count: 486 as on May 31, 2026
- Investors: India Quotient, Trifecta Capital and 11 Others
- Latest Funding Round: Series B, Aug 05, 2024, $*****
- Highlight: Editors' Pick
India Quotient's Year-on-Year Investment Trends
India Quotient has invested in 132 companies over the last 14 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 20 investments, while as of Aug 2026, it has made 9 investments in this year. Its most recent first time investment was in Vingo and most recent follow-on round was in UtsavApp.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 6 | 9 |
2025 | 11 | 9 | 20 |
2024 | 14 | 7 | 21 |
2023 | 10 | 6 | 16 |
2022 | 9 | 16 | 25 |
2021 | 10 | 19 | 29 |
2020 | 9 | 13 | 22 |
2019 | 10 | 13 | 23 |
2018 | 9 | 8 | 17 |
2017 | 3 | 7 | 10 |
India Quotient's Investments by Stage
India Quotient has made 105 investments in Seed stage with an average round size of $1.04M, 18 investments in Series A stage with an average round size of $3.81M, 1 investment in Series B stage with an average round size of $22.6M and 1 investment in Series C stage with an average round size of $10.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 105 |
Series A | 18 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
India Quotient's Investments by Sector
India Quotient has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and High Tech. Notably, it has invested in 118 Tech companies, 87 Consumer (B2C) companies, 55 Enterprise (B2B) companies and at least 54 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 63 |
Enterprise Applications | 33 |
Retail | 29 |
FinTech | 15 |
High Tech | 14 |
Others | 130 |
Note: We have considered here, only first round of investments
India Quotient's Investments by Geography
India Quotient has made most investments in India (119), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
India | 119 |
United States | 9 |
Singapore | 1 |
Note: We have considered here, only first round of investments
India Quotient's recent investments
India Quotient has made 9 investments in 2026 so far. UtsavApp and Khare Classes are the latest among them.Here are the most recent investments by India Quotient:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 21, 2026 | India | Series A | 7358 | [+1] | |
Aug 13, 2026 | India | Seed | 3722 | [+3] | |
Aug 05, 2026 | India | Seed | 2327 | [+1] | |
Jul 16, 2026 | United States | Series A | 1925 | [+6] | |
May 06, 2026 | United States | Seed | 2417 | [+4] |
Unicorns in India Quotient's Portfolio
India Quotient has 1 unicorn in its portfolio - ShareChat. The most recent unicorn in their portfolio is ShareChat which became a unicorn in 2021, 5 years after India Quotient first invested in it.Here is a list of unicorns in India Quotient's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Social media platform that facilitates user‑generated content and community engagement across a variety of regional languages | 2015 | Bengaluru | Series H | ognudkg |
Acquired companies in India Quotient's Portfolio
21 companies from India Quotient's portfolio have been acquired. The most recent acquisition was Upwards in Feb 2023 by Lendingkart for $*****.Here are India Quotient's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 08, 2023 | Nov 07, 2017 | Seed | 2707 | |
Nov 28, 2022 | Jul 29, 2018 | Seed | 5789 | |
Oct 05, 2022 | Jul 26, 2017 | Seed | 9878 | |
May 28, 2022 | Mar 19, 2021 | Seed | 9312 | |
Apr 05, 2022 | Nov 02, 2019 | Seed | 7880 |
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Team profile of India Quotient
India Quotient has a team of 13 members including 6 Partners and 1 Principal located in India. India Quotient's team does not sit on the board of any company as of now.Here is a list of top team members in India Quotient:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | |||
Partner | Bengaluru | - | ||
Partner | Bengaluru | |||
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | - | - | ||
Principal | India | - |
Co-investors of India Quotient
Over the past 14 years, 2257 investors have co-invested in India Quotient's portfolio companies. This includes funds and angels.
- Invested before India Quotient: Anandkumar Raichand Lunia, Angel List and 752 others have invested in rounds before India Quotient. There are 8 companies where Anandkumar Raichand Lunia has invested before India Quotient and 6 companies where Angel List has invested before India Quotient.
- Top Co-investors of India Quotient: 642 investors entered a company along with India Quotient. These include investors like Angel List (9 companies).
- Invested after India Quotient: A total of 861 investors have invested in India Quotient's portfolio after their investments. Top Investors include Stride Ventures (8 companies), Alteria Capital (7 companies) and RB Investments (7 companies).
Recent News related to India Quotient
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Utsav Secures ₹36 Crore in Series A Funding Led by Atomic CapitalViestories•Aug 25, 2026•Atomic, Equanimity Investments, India Quotient, UtsavApp and 1 other
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Vingo Secures ₹10 Crore Seed Funding to Expand C2C MarketplaceViestories•Aug 05, 2026•India Quotient, Vingo, Vingo
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Elevation Capital leads $11.3 Million Series A round in Reo.DevEntrackr•Jul 16, 2026•India Quotient, Reo, Heavybit, Elevation Capital and 2 others
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Gimi Michi Raises $1 Million Seed Round Led by IndiaQuotientViestories•Jun 16, 2026•Gimi Michi, IIMA Ventures, DeVC, Titan Capital and 5 others
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Shatterdome Energy has raised $3,500,000.00 in new Fundingintelligence360•Jun 08, 2026•shatterdome, Cruciblecap, Transpose Platform, Entrepreneurs First and 9 others
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Helium Smart Air Secures 2 Mn to Scale OperationsIndian Retailer•Apr 08, 2026•Helium Air, India Quotient
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AI Wealthtech Startup Novelty Wealth Raises $1.4M Led by IndiaQuotient to Scale their Wealth Advisory Platform for Indian investorsThe Tribune•Mar 24, 2026•Novelty Wealth, India Quotient, Novelty Wealth, Helium Air
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Agrim Raises $17.3M in Series B Funding Round Led by Asia Impact FundiGrow News•Mar 24, 2026•A-impactfund.com, Accion, Agrim, India Quotient and 2 others
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Home Essentials Raises ₹70 Cr To Expand Omnichannel PresenceStartupNews•Feb 25, 2026•Home Essentials, 360 One, India Quotient
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Lorazzo Secures INR 5 Cr in Seed Funding Led by Sprout Venture Partners and First ChequeEnablers•Jan 22, 2026•Lorazzo, First Cheque, Sprout Venture Partners, Chandigarh Angels Network and 1 other
