About India Quotient

India Quotient

India Quotient is an early-stage VC fund, focussed on the consumer internet space in India. Founded in 2012, India Quotient has made seed investments in 40 companies so far. Some notable investments include Lendingkart, iimjobs, Roposo, Sharechat, 91Mobiles, FabAlley etc. IndiaQuotient invests small cheques of upto $500k each in startups that seek to leverage technology for solving problems addressing a large market. Over the years, IndiaQuotient has built a reputation of being ‘contrarian investors’ – as it has stayed away from investing in crowded spaces like cab booking, grocery, local services etc, and has instead focussed on India – specific solutions like online lending, vernacular content & online brands.

Website Url: www.indiaquotient.in

Key Management Profiles

Anand Lunia (Partner)

Anand Lunia

Anand is a founding Partner at India Quotient. He loves writing on startups, studying market opportunities and helping entrepreneurs.

He has been an entrepreneur, angel investor, fund manager. Earlier, he was a partner at Seedfund, known for its exits in Carwale and Redbus. He co-founded Brainvisa, an ed-tech company which he sold in 2005.

His angel investments include Faasos, Mydentist and Inkfruit. His twitter handle says “Entrepreneur is the king. Not the VC”.

Madhukar Sinha (Partner)

Madhukar Sinha

Madhukar is a founding Partner at India Quotient. He loves networking and has very strong inroads in entrepreneur circles.

He has previously been a part of Aavishkar Microfinance and Impact fund as a fund manager and was a part of the Microfinance revolution in India.

His unique experience as a non-profit executive in India is evident in his approach towards new investment opportunities. Madhukar is also the go to man for all things legal and regulatory. He is an MBA from IIM Lucknow and and an Agri Engineer.

Prerna Bhutani (Partner)

Prerna Bhutani

Prerna is a Partner at IndiaQuotient. She has strong inroads in corporate and alumni circles and loves to network.

An entrepreneur in her earlier avatars, Prerna brings the entrepreneurial perspective to India Quotient's investments. Her first startup, an online local services company launched in 2010, was a bit too ahead of time. Later she was a co-founder in a mystery shopping startup, followed by a stint at India’s largest car portal.

Prerna is also in charge of all events and portfolio initiatives at IndiaQuotient. She is an MBA from IIM Lucknow and an Engineer.

Gagan Goyal (Partner)

Gagan Goyal

Gagan is a Partner at India Quotient. He loves discussing technology disruptions with founders. He is one of the most well known faces of the IIT and Mumbai entrepreneur community.

He built a robotics and science learning co which he exited in 2015. One of his fulfilling accomplishments is creating the passionate and high-energy work culture that let to the development of an innovative and IP-driven product that customers loved.

He is an active angel investor in about 2 dozen well known startups and has 5 exits to date. An IIT Bombay graduate, excited about business around consumer hardware, technology, and learning. He would love the startup world to be more frugal, more efficient and more sane.

Career Opportunities

Being an early–stage VC fund, we like people with an entrepreneurial mindset. While we have well–defined roles for each person, we like to involve our interns in every aspect of our work (research, deal scouting & portfolio management).
We like people who are open to learning new things, and are hustlers who can get things done despite all odds. We have an open culture (and an open office in keeping with that!), where a lot of learning happens through thought–provoking discussions that take place with the Partners over lunch & chai. There is no hierarchy in the organization, and interns get to work directly with the Partners at the firm.