India Quotient

India Quotient is a Mumbai-based, seed-first venture capital firm founded in 2012 by Anand Lunia and Madhukar Sinha, focused on startups building for Indian consumers and SMEs. The firm typically leads rounds and comes in as Day 1 investor, and deliberately keeps its fund size small to stay disciplined about staying at the seed stage rather than being pushed into later-stage investing.

Explicitly invests "at paper stage" — before a product or even a full team exists in some cases — with the same conviction as later-stage bets. Deliberately kept its fund size small across five funds to avoid being pushed into later-stage investing. Twice-yearly 2-day offsite bringing together the entire portfolio and select LPs for peer strategy sessions.

Email any team member directly at (first_name)@indiaquotient.in, or reach out via an existing portfolio founder connection.

Mumbai, Maharashtra, Mumbai, Maharashtra