India Quotient Returns Maiden Fund To LPs At 5.9X Multiple

India Quotient Returns Maiden Fund To LPs At 5.9X Multiple

SUMMARY

The first fund had a corpus of INR 32 Cr and backed 21 startups, including SUGAR Cosmetics, Lendingkart and 91Mobiles

India Quotient’s first sponsors include Vijay Shekhar Sharma, Ronnie Screwvala and Deep Kalra

India Quotient has launched four funds so far, having invested in more than 80 startups over the last decade

Venture capital (VC) firm India Quotient has reportedly returned its first fund in cash to limited partners at a net multiple of 5.9X.

The first fund had a corpus of INR 32 Cr (around $6 Mn) and backed 21 startups, including big names such as SUGAR Cosmetics, Lendingkart and 91Mobiles.

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