India Quotient

India Quotient is a Mumbai-based early-stage venture capital firm founded in 2012 by Anand Lunia and Madhukar Sinha, focused on seed and pre-seed investments in Indian consumer technology startups across sectors including fintech, SaaS, B2B marketplaces, consumer brands, social media, agritech, and digital-first businesses. The firm has invested in over 120 companies since inception across five funds, with Fund V aEUR" closed in October 2025 at $129 million aEUR" being its largest to date. Notable portfolio companies include ShareChat (a social media unicorn), Sugar Cosmetics, Lendingkart, Vyapar, and Kuku FM, and the firm's investment thesis centers on backing founders building disruptive businesses for India's rapidly growing consumer and SME segments. The firm invests with ticket sizes between INR 1 crore and INR 15 crore and maintains an active follow-on program to support its best-performing portfolio companies.