Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
India Quotient returns 1st Fund at 5.9x Net Multiple
Early Stage venture capital firm India Quotient has returned its maiden fund in cash to Limited Partners (LPs) at a net multiple of 5.9x. The rupee-denominated first fund, which began investing in 2013, had a corpus of INR 32 crore (around USD 6 million), and had backed 21 startups, including Sugar Cosmetics, LendingKart, IIMjobs and 91mobiles. The firm's LPs include domestic high net-worth individuals such as Paytm founder Vijay Shekhar Sharma; Ronnie Screwvala, the cofounder and chairperson of edtech startup UpGrad, and founder of venture fund Unilazer; and MakeMyTrip founder and chairman Deep Kalra. Other investors in India Quotient's Fund-I are Times Internet, Ashish Goenka, Ravi Adusumalli, Ash Lilani, Omidyar and SIDBI.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.