- Venture Capital Firm India Quotient Announces First Close Of Its Third Fund Venture capital firm India Quotient has made the first close of its $50-$60 Mn new fund raising more than $30 Mn. The biggest investment came from a Gulf-based billionaire of Indian origin, Dr. BR Shetty, who committed a capital of $10 Mn, with remaining capital coming from other HNIs and institutions like Government of India’s […]
- Video Sharing Platform Clip Raises $6 Mn Series A Funding Led By Matrix Partners Bengaluru-based video sharing startup Clip App has raised $6 Mn in its Series A funding round led by Matrix Partners India. Existing investors Shunwei Capital and India Quotient also participated in the round. Speaking to Inc42, co-founder Nav Agrawal stated that the startup plans to use the proceeds majorly for growth and team building. He […]
- Sistema Asia Fund, Others Invest $10.9 Mn In SME Lending Platform Lendingkart Ahmedabad-based SME lending platform Lendingkart Technologies has raised $10.9 Mn (INR 70 Cr) funding round, in the form of equity funds from Sistema Asia Fund, others. Existing investors Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management also participated in this round. The latest round of funding will enable the company […]
- Clip App Raises $1 Mn From India Quotient, Shunwei Capital Bengaluru-based digital media video startup Clip App has raised $1 Mn Seed funding from India Quotient and Chinese investment firm Shunwei Capital. According to Anand Lunia, Partner at India Quotient, social media platforms like Facebook, Twitter etc, may not be the most preferred mode of socialising for non-English speaking audience. He said, “A lot of […]
- Fintech Startup LoanTap Raises $4 Mn From Kae Capital, India Quotient, Others Mumbai-based fintech startup LoanTap has raised $4 Mn Series B funding. The round comprised a mix of equity and debt instruments from Kae Capital, India Quotient, IFMR, and MAS Financial Services Ltd. As per a company statement, equity infusion to the platform was led by Kae Capital with participation from its existing investors including India […]
- Foodtech Startup Holachef Attracts $5 Mn In Funding From SIDBI Venture Capital, Others Mumbai-based foodtech startup Holachef has raised $5 Mn (about INR 32 Cr) in its extended Series B round of funding led by Kalaari Capital. The round also saw participation from SIDBI Venture Capital and India Quotient, as per a report by ET. The round was completed in two tranches – in April 2016 and October […]
- India Needs More Adventure Capitalists Than Vulture Capitalists: Paytm’s Vijay Shekhar Sharma “Whatever we (entrepreneurs) do on our smartphones today, everyone else will end up doing it eventually,” stated Paytm CEO and founder, Vijay Shekhar Sharma at a fireside chat with Anand Lunia, Founding Partner of India Quotient during TieCON Mumbai 2017. The chat covered a spectrum of subjects such as the pain of starting up, a few […]
- Union Budget 2017: Where It Scored And Where It Missed? Finance Minister Arun Jaitley finally presented the first budget post demonetisation yesterday. From focussing on rural India, to digital India, to infrastructure, to real estate, to the salaried class to startups, he has tried to include something for everyone without going too far down the populist path. Payments, housing, healthcare, and MSMEs are sectors which are […]
- Food Recommendation Platform Ketchupp Secures $441K Seed Funding Led By India Quotient Metasearch engine for online food ordering, Ketchupp has raised $441K in Seed round of funding led by India Quotient and other angel investors. Talking about the product, Anand Lunia, co-founder of India Quotient said, “Meta search engines only work when the underlying market is deep enough. We believe the time for that has now come […]
- From Blockchain, Enterprise SaaS, To IoT And More: 7 Sectors Investors Are Excited About In 2017 Ring out the old. Ring in the new. The Indian startup ecosystem is an evolving organism. 2015 startups saw startups being flush with capital at historically high valuations. In this year, the song has changed its tune. With hyperlocal taking a tumble and ecommerce trying to show stability amid rumours of acquisitions and buyouts, it […]
- Deconstructing Seed Funding In The Indian Ecosystem: The How, What, Why Of It All The India startup story has had as many highs as it has had lows. While the boom truly began in 2013, it was only over the next two years that investors poured money into entrepreneurs, products, and ideas. But, as it is at the beginning of every success story, for Indian entrepreneurs, historically it has […]
- The Long Road To A Cashless India: Are Indian Fintech Startups Ready? [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] In the seventeenth century, Sweden became the first European nation to print paper money. Come the 21st and it looks like it could be one […]