Fundraising Fox

India Quotient

Venture capital

Bengaluru · Seed–Series B · 9 people tracked

Also known as INDIA QUOTIENT ADVISERS LLP

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Investment thesis

Small seed investor writing $250k–$1M first checks into very early startups building Indian products for small towns and rural India, known for contrarian bets and active WhatsApp founder networks.

Source: firm website, verified Sep 1, 2026.

Stage
Seed–Series B
Check
$481K – $32M
HQ
Bengaluru, IN
Leads rounds
Follows
Instruments
Equity
Last 12 months
4 investments
Private fund assets
$558.2M
VC funds
5
Tracked investments
104

Team · 9 people

from the firm's website & public directories

What they invest in

from 79 of 104 portfolio companies

AI & Machine Learning ×29Consumer ×28SaaS ×27E-commerce ×17Fintech ×11Direct to Consumer ×10Enterprise Software ×9Marketplaces ×8

HQs:India×57United States×4Indonesia×1Singapore×1

Who they back

founder profiles across 45 portfolio companies
36%
solo founders
16 of 45 mapped founding teams
62%
repeat founders
of 45 founders with career history

Founding team size:solo founder×162 founders×173 founders×74+ founders×5

Where their founders studiedfrom 39 founders with education data

Indian Institute of Management Ahmedabad ×5Birla Institute of Technology and Science, Pilani ×4Indian Institute of Technology, Kharagpur ×4Indian Institute of Management, Lucknow ×3Indian Institute of Technology, Bombay ×3Army Public School Kolkata ×2Indian Institute of Technology Kanpur ×2Indian Institute of Technology, Delhi ×2

Where their founders worked beforefrom 45 founders with career history

Goldman Sachs ×5Campus24 ×3Entrepreneurship Cell IEM Kolkata ×3Zyephr ×3Antaragni IIT Kanpur ×2CleverTap ×2Deutsche Bank ×2Edelweiss Financial Services ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×4

9 hold an MBA (of 43 with degree data)

Investments · 104 tracked

founders shown can be your intro path

By year:2026 · 32025 · 22024 · 42023 · 32022 · 315 dated

Care24care24.co.in✓ verified

Care24 provides in-home elderly and dependent care services, helping families arrange professional caregivers for their loved ones.

B2B MarketplacesDigital HealthHealthtechHR TechWellness & FitnessMumbai, IN

Vipin Pathak

Heliumairheliumair.inin✓ verified

Helium is an Indian consumer electronics brand building AI-based, app-controlled air conditioners sized for small rooms up to 100 sq ft.

ConsumerHardwareIoTJaipur, IN

Ashish(Founder)inAmanin

Justvingojustvingo.comin𝕏✓ verified

Vingo is building a peer-to-peer marketplace for Indian consumers to buy, sell, and upgrade products, with a focus on trust, payments, and convenience.

Circular EconomyConsumerE-commerceMarketplaces

Co-investorsInuka Capital

Lokalgetlokalapp.comin𝕏✓ verified

Lokal is a vernacular hyperlocal platform providing local news, classifieds, and job listings to non-English speaking users across rural and tier 2+ Indian markets.

ConsumerMarketplacesMedia & EntertainmentSocialBengaluru, IN

Vipul Chaudhary(Founder)inJani Pasha(Founder)inJani pasha(Founder)in

Co-investors3one4 CapitalY CombinatorSoma CapitalCapria VenturesGlobal BrainSony Ventures Corporation

Mapmytalentmapmytalent.inin✓ verified

MapMyTalent provides career and course counselling for adolescents, parents, and teachers using behavioral science principles, offering guidance through counselling sessions, workshops, and online products.

EdTech

Dr. Anubhuti Sehgal(Co-founder & Director)Rohit Sehgal(Co-founder & Director)in

Co-investorsKae Capital

8Club8club.coin𝕏

8club is an app for discovering and joining in-person social experiences and events, helping users meet like-minded people and build real-life friendships and community in their city.

ConsumerMarketplacesSocial

91Mobiles91mobiles.com𝕏

91mobiles is a consumer technology portal that helps users discover, compare, and research mobile phones, laptops, and other gadgets through specifications, prices, reviews, and comparison tools.

ConsumerE-commerceMedia & Entertainment

Agrimagrim.appinMar 2026 · $17.3M

Agrim provides a just-in-time e-commerce platform that connects local agricultural retailers with a curated inventory of 30,000+ agri-inputs products, improving supply chain efficiency for small farm retail businesses across India.

AgTechB2B MarketplacesE-commerceSaaSGurugram, IN

Co-investorsAccionCapria VenturesKalaari CapitalTrifecta Capital AdvisorsOmnivore

Alaroworldalaroworld.comin

Alaro builds a WiFi-connected home camera with on-device and cloud AI that detects meaningful events—such as a baby crying, unusual movement, or someone at the door—and sends filtered alerts instead of continuous footage.

AI & Machine LearningHardwareIoT

Shubham Sikka(Co-Founder)inGeet Sethi(Co-Founder)inSneha Bharti(Director of Engineering)in

Badhobadho.ai

Badho.ai offers "Amit," an AI career coach that operates over WhatsApp to help job seekers in India build ATS-optimized resumes, match against job listings, and apply to jobs on the user's behalf.

AI & Machine LearningFuture of WorkHR Tech

BharatAgribharatagri.comin𝕏Oct 2023 · $4M

BharatAgri provides a mobile app that helps farmers identify crop pests and get recommended agricultural products, which can be ordered and home-delivered.

AgTechE-commerce

Sai Gole(Founder)inSiddharth Dialani(Founder)in

Co-investorsAlteria CapitalBetter CapitalSprint VcArkam VenturesCapria VenturesOmnivore

Blitzblitznocode.comin𝕏

Blitz provides a no-code platform that enables business teams to build and deploy internal tools and applications without requiring core engineering resources.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Loic Veillard(Founder)in

Co-investorsIvyCap VenturesY CombinatorBetter CapitalTitan Capital

Blitzrideblitz.comin𝕏

Blitz provides white-label express and last-mile logistics services using an all-electric vehicle fleet, letting businesses run deliveries under their own brand with customizable SLAs, live tracking, and cash-on-delivery support.

CleantechLogistics & Supply ChainMobility & Transportation

Saivya Chauhan 🛵📦⚡️(Founder)in

Co-investorsADB VenturesITERATIVEVynn CapitalAlteria CapitalBetter CapitalFirst Cheque+2 more

Blitzblitznow.inin

Blitz provides fulfillment and delivery software that forecasts demand and optimizes inventory placement across locations, and offers pre-checkout delivery-timeline display and post-checkout order tracking for online retailers.

E-commerceLogistics & Supply ChainSaaS

Yash Sharma(Founder)in

Co-investorsBetter CapitalCapria VenturesFirst ChequeAlteria CapitalConnecticut InnovationsInspired Capital+3 more

Brandsbrands.livein𝕏

Brands.live provides social media management tools for small and medium businesses, enabling automated scheduling and posting of content across multiple platforms.

AI & Machine LearningCreator EconomyE-commerceMarketing TechSaaSIndia, IN

Cityflocityflo.comin𝕏

Cityflo operates a bus commuting service for office workers, letting them reserve seats, live-track buses, and book flexible passes for home-to-office rides.

ConsumerLogistics & Supply ChainMobility & Transportation

Co-investorsLightboxLIGHTBOX VENTURES

Clarityappclarityapp.in

Clarity App is an emotional support platform that connects people with trained non-medical listeners for anonymous, judgment-free conversations about their feelings.

Digital HealthMental HealthWellness & Fitness

Convinconvin.aiin𝕏Aug 2024

Convin builds AI-powered conversation intelligence and speech analytics software that records and analyzes customer conversations for customer-facing teams such as contact centers and sales teams.

AI & Machine LearningSaaSSales Tech

Atul Shree(Founder)in

Co-investorsCapria VenturesKalaari CapitalJSW VenturesSparrow CapitalTitan Capital

Coolbergcoolberg.inin

Coolberg is an Indian brand of non-alcoholic, zero-alcohol beers and beverages aimed at consumers who prefer alcohol-free options for social occasions.

ConsumerDirect to ConsumerE-commerceFoodTech

Pankaj(Co-founder)Yashika(Co-founder)

Cosmafertilitycosmafertility.com

Cosma is a women's health and fertility company that designs, manufactures and distributes non-hormonal fertility products for the Indian market, positioned as an option between unassisted conception and IVF.

Digital HealthFemTechHealthtechMedical Devices

Dr. Charu Sharma(Founder)

Creditmatecreditmate.in

CreditMate provides a debt collections platform that uses AI-driven strategies to prioritize borrowers by likelihood to pay, along with telephony tools such as predictive dialers and voice bots.

AI & Machine LearningFintechSaaS

Curiecurie.money

Bengaluru, IN

Arindam Ghosh(Founder)Tushar Choudhary(Founder)in

Co-investorsCapria Ventures

Curofycurofy.com
Distildistil.marketin𝕏Sep 2025 · $7.7M

Distil operates a platform that helps global brands source products, providing information such as minimum order quantities, delivery timelines, regional availability, and shipping terms.

Advanced ManufacturingB2B MarketplacesCircular EconomyLogistics & Supply ChainNew Materials

Atanu Agarrwal(Founder)in

Co-investorsJungle Ventures

DPD Zerodpdzero.comin𝕏

DPDzero provides a managed, data-led loan collections service that orchestrates voice AI, WhatsApp, SMS, telecalling, and field agents, using propensity models and its DPD-GPT tool to prioritize borrower outreach and reporting.

AI & Machine LearningFintechSaaS

Ananth Shroff(Founder)in

Co-investorsBetter CapitalCapria VenturesIncubate Fund

Eazypgeazypg.in
Elunoeluno.co

Eluno is an eyewear brand that designs and sells premium frames made from acetate and metal, with lenses featuring anti-scratch, anti-smudge, UV protection, and blue-light filtering.

ConsumerDirect to ConsumerE-commerce

Engraveawardsengraveawards.com
Faballeyfaballey.com𝕏

House of Indya is an online fashion retailer specializing in contemporary Indian ethnic wear for women, offering ready-made kurtas, tunics, skirts, dupattas, and fusion styles that blend traditional designs with modern silhouettes.

ConsumerDirect to ConsumerE-commerce

Co-investorsOrios Venture PartnersTrifecta Capital Advisors

Fanztarfanztar.com

Sahil Singla(Founder)in

Co-investorsCapria Ventures

Fixmycurlsfixmycurls.comin

Fix My Curls sells hair care products made with clean ingredients and a 5-step process aimed at healing damaged, frizzy, or tangled curly hair while reducing dandruff, itchiness, and redness.

ConsumerDirect to ConsumerE-commerce

Anshita(Founder)

Flabslisflabslis.comin𝕏

Flabs is a cloud-based, AI-powered laboratory information system (LIS) for pathology labs, handling patient registration, sample tracking, analyzer result management, reporting, billing, referrals, and quality control.

AI & Machine LearningHealthtechSaaS

Fleetxfleetx.ioin𝕏

Fleetx provides an AI- and IoT-based intelligence platform for fleet and logistics operations, offering products for asset management, driver monitoring, and supply chain visibility.

AI & Machine LearningIoTLogistics & Supply Chain

Vineet Sharma(Founder)in

Co-investorsAll In CapitalCapria VenturesFirst ChequeBEENEXT

Flynoteflynote.comin𝕏

Flynote builds customized tour packages, working with tour operators, travel companies, and hotels to help travelers create itineraries based on their interests and budget.

ConsumerMarketplacesTravel & HospitalityBengaluru, IN

Abhinav Prakash(Founder)in

Co-investorsSequoia CapitalSurge

Furnishkafurnishka.comin𝕏Oct 2024 · $20M

Furnishka is a Bengaluru-based furniture brand that designs and manufactures solid wood, space-saving, and customizable furniture — including sofas, beds, dining sets, wardrobes, and home décor — sold through offline stores and online across India.

Advanced ManufacturingConsumerDirect to ConsumerE-commerceBengaluru, IN

Ganesh Pawar(Co-founder)inMahesh Majali(Co-founder)inAayush Agarwal(Co-founder)inPrateek Sharma(Co-founder)inRahul Rathore(Co-founder)inSanat Munot(Co-founder)

Co-investorsCapria VenturesTDV PartnersSparrow Capital

Fyllofyllo.inin𝕏May 2024

Fyllo builds IoT sensor devices, hyper-local weather forecasting, and crop-specific agronomy models that provide data-driven irrigation, fertigation, and disease-prediction recommendations to farmers.

AgTechAI & Machine LearningIoTBengaluru, IN

Sudhanshu Rai(Co-Founder)inSumit Sheoran(Co-Founder)in

Co-investors100XCapria VenturesArcadian CapitalSalveo Capital

Gaugaugaugau.in

Co-investorsFirst Cheque

Gimi Michigimimichi.comin

Gimimichi is a food brand that sells curated bundles of ramen, including Korean-style ramen products, offered as boxed sets to consumers.

ConsumerDirect to ConsumerE-commerceFoodTechGurgaon, IN

Nishank Goyal(Co-Founder)inAkhil(Co-Founder)Bodhi(Co-Founder)

Co-investorsFirst ChequeDeVCIIMA VenturesTitan Capital

GoCometgocomet.comin𝕏

GoComet provides an AI-driven platform for managing cross-border supply chain and freight operations, covering purchase order management, freight rate procurement, multi-modal shipment tracking, execution, and invoice reconciliation.

AI & Machine LearningLogistics & Supply ChainSaaSSingapore, SG

Ayush Lodhi(Founder)inChitransh Sahai(Founder)inGautam Prem Jain(Founder)Mehul Katiyar(Founder)in

Co-investorsLeo Capital VenturesRebright PartnersLeo CapitalSGInnovate

Gomarblegomarble.aiin𝕏

GoMarble builds AI agents for paid-media and advertising teams that connect to ad accounts, monitor campaigns, investigate performance questions, and propose or make changes within team-set permissions.

AdTechAI & Machine LearningMarketing TechSaaSBengaluru, IN

Palkush(Co-founder (leads product and company))inAditya(Co-founder)inSwapnil(Co-founder)inPalkush Chawla(Founder)inSwapnil Bari(Founder)in

Heliumtryhelium.comin𝕏Apr 2026 · $2M

Helium builds a platform for self-improving software that automatically optimizes mobile app experiences.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareMarketing TechSaaSSan Francisco, US

Zach Witzel(Founder)inShishir Jakati(Founder)inAnish Doshi(Founder)in

Co-investorsY CombinatorAndreessen Horowitz

Hirobinhirobin.aiin𝕏

Hirobin builds an AI assistant that handles routine phone calls and coordination tasks — such as confirming appointments, guiding delivery drivers, and dealing with brokers or technicians — on behalf of working professionals.

AI & Machine LearningConsumerFuture of Work

Holachefholachef.com

The site publishes reviews, guides, rankings, and tips about online web slot games, aimed at online casino players.

GamingMedia & Entertainment

Co-investorsInnoVen CapitalKalaari CapitalSIDBI Venture Capital

Homeessentialshomeessentials.inin

Home Essentials is an Indian retailer of functional, affordable home decor and furnishing products, selling online and through exclusive brand stores.

ConsumerDirect to ConsumerE-commerceGwalior, IN

Iimjobsiimjobs.comin𝕏

iimjobs is an online recruitment platform in India that connects job seekers with senior roles in fields such as Banking & Finance, Consulting, Research & Analytics, Sales & Marketing, HR, IT, and Operations.

Future of WorkHR TechMarketplaces

Co-investorsAdvantedge Founders

Intoglointoglo.comin

Intoglo provides door-to-door full-container-load ocean freight shipping between India and the USA, handling shipping lines, customs brokerage, and trucking directly.

Logistics & Supply Chain

Co-investorsAdvantedge FoundersSupermorpheus

Kharekhareclasses.com

Khare Classes offers private one-to-one math tutoring for students, focused on improvement in mathematics and preparation for competitive exams.

EdTech

Co-investorsBetter Capital

Kimkim.ccin𝕏

Kim provides an AI-powered customer support platform that resolves repetitive support tickets automatically while a team of trained CX professionals (Sentinels) monitors, validates, and reviews interactions.

AI & Machine LearningEnterprise SoftwareSaaSDover, US

Kaushik Barodiya(Founder)inPhani Yedavilli(Founder)in

Co-investorsCapria VenturesStellaris Venture Advisors 2 LlpZ5 Capital

Koshgetkosh.comin

Kosh provides digital lending to blue-collar workers in India through a joint liability model that uses social networks to assess creditworthiness and reduce costs.

FintechGurugram, IN

Sahil Bansal(Founder)inAayush Goel(Founder)in

Co-investorsCapria VenturesIIMA VenturesY Combinator

Kuku FMkukufm.comSep 2023 · $25M

Indian mobile-first entertainment company operating the Kuku FM audio app and the Kuku TV microdrama video platform.

Vinod Kumar Meena(Founder)inLal Chand Bisu(Founder)in

Co-investors3one4 CapitalGranite AsiaV3 VenturesVertex Ventures Sea Management Pte. Ltd.FundamentumIFC+3 more

Kyzokyzo.in𝕏

Kyzo (Khidki Homes) is an online store for interior construction materials such as plywood, MDF boards, laminates, veneers, hardware, adhesives, flush doors and PVC/WPC boards from leading brands.

B2B MarketplacesConstruction TechE-commerce

Lendingkartlendingkart.comin𝕏

Lendingkart is a lending platform providing loans; this page contains corporate governance documents such as board policies, director information, and related party transaction policies.

Fintech

Co-investorsAnicut CapitalBertelsmann India InvestmentsFullerton Financial HoldingsMayfield FundSaama CapitalMayfield India+2 more

Llumollumo.aiin𝕏

LLUMO builds AI optimization tools that provide recommendations and insights to help AI teams improve LLM performance and accuracy while reducing costs.

AI & Machine LearningData & InfrastructureDeveloper ToolsSaaS

Co-investorsSenseAI Ventures

Loantaploantap.inin𝕏

LoanTap is an Indian fintech company offering personal loans aimed at millennials, with an in-house RBI-registered NBFC.

ConsumerFintech

Satyam Kumar(Founder)inVikas Kumar(Founder)in

Co-investorsKae Capital3one4 CapitalAvaana CapitalJuly Ventures

LoanTaploantap.comJun 2025

Pune-based digital lender offering personal, MSME and invoice-financing loans in India through its own RBI-registered NBFCs.

Satyam Kumar(Founder)inVikas Kumar(Founder)in

Co-investorsKae Capital3one4 CapitalAvaana CapitalJuly Ventures

Luruluru.appin𝕏

Luru is an AI sales development representative that automates outbound prospecting by finding leads across tools like LinkedIn and forums, enriching them with intent data, and running personalized multi-channel outreach campaigns.

AI & Machine LearningSaaSSales TechWilmington, US

Sanjeeth R(Founder)Sid Ramesh(Founder)inKarthik K(Founder)in

Co-investorsCapria VenturesGemba Capital Venture Partners

Mainomaino.aiin𝕏Jun 2024 · $1.8M

Maino builds product, analytics, and digital marketing technology for consumer tech businesses, applying growth and performance-marketing expertise.

AdTechAI & Machine LearningMarketing Tech

Rishabh Kumar(Co-Founder)inVikas Keshri(Co-Founder)inAbhijeet Kunwar(Co-Founder)in

Masai Schoolmasaischool.comin𝕏Oct 2022 · $5M

Masai School is an outcome-driven higher education institution in India offering cohort-based courses to train entry-level engineering talent for the technology industry.

EdTechFuture of Work

Prateek Shukla(Co-Founder & CEO)inNrupul Dev(Co-Founder)inYogesh Bhat(Co-Founder)in

Co-investorsCapria VenturesOmidyar Network IndiaUnitus Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has India Quotient made?
India Quotient has 97 tracked investments, including 4 dated in the last 24 months.
What stage does India Quotient invest at?
India Quotient invests at the Seed, Series A, Series B stages.
What is India Quotient's typical check size?
India Quotient typically writes checks of $481K – $32M.
What sectors does India Quotient focus on?
India Quotient focuses on Crypto & Web3, E-commerce, SaaS.
Where is India Quotient located?
India Quotient is headquartered in Bengaluru, IN.
Does India Quotient lead rounds?
India Quotient typically participates in rounds rather than leading them.
Who does India Quotient co-invest with?
India Quotient most often shares deals with Capria Ventures, First Cheque, Better Capital, among 55 tracked co-investors.

Media · Podcasts & interviews

featuring the team

How VCs really think: Startups, Big Bets & Advice for founders | ft. Anand Lunia of India Quotient

Chill Mizaaz · Anand Lunia

India quotient investment in GIVA | Anand lunia | Venture Capital

Chill Mizaaz · Anand Lunia

Anand Lunia Of India Quotient Speaks On Startup IPOs & Valuations | Big Deal | CNBC TV18

CNBC-TV18 · Anand Lunia

Investing in outliers with Madhukar Sinha, Founder, India Quotient | 100x Entrepreneur Podcast

The Neon Show · Madhukar Sinha

Ask Me Anything with Anand Lunia - Managing Partner, India Quotient.

TiE Mumbai · Anand Lunia

India’s Venture Capital Quotient: In conversation with Anand Lunia, Founding Partner, India Quotient

Avendus Group · Anand Lunia

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