Mumbai, Feb 11 (IANS): India Quotient, an early stage venture capital fund, has announced the launch of its fourth fund for the Indian startup ecosystem.
The fund will be focused on supporting paper-stage startups in SaaS, social media, D2C, edtech and fintech spaces.
"With a total corpus of approximately $80 million from global and domestic allocations, India Quotient is looking to support 35-40 game-changing ideas that will create whole new sectors," said a company statement.
India Quotient already has funded close to 70 startups over the last eight years.
Anand Lunia, Founding Partner, India Quotient said: "We are extremely excited to launch our fourth fund after five successful career investment cycles till date, at an inflection point in India's growth story. We will back founders when nobody understands them, and we will back them again and again."