India Quotient's fund draws global interest

VC firm is raising $130 mn for its largest fund to back early-stage ventures

- Priyamvada C

Venture capital (VC) firm India Quotient is looking to raise $130 million for its fifth fund, with nearly 80% of the commitments expected to come from global investors, its founding partner Anand Lunia told Mint in an interview.

This marks a reversal from its previous funds, for which it raised most of the capital from domestic investors. "Indian investors often want quicker exits because of their past experience with funds. When compared to the returns in the public markets, that were doing very well, there is also some pressure to match that," Lunia said. "This is also because they are very early in this asset class. So, we are now going to flip it as we are also getting good interest from global investors."