India Quotient raises fourth fund worth $80mn for 'game-changing' startups

Venture capital fund has funded close to 70 startups over the last eight years.

India Quotient, an early-stage venture capital fund, said on Thursday the launch of its fourth fund for Indian startups worth $80 million (Rs 570 crore approximately). The corpus has been raised from global and domestic investors. 

The fund will be focused on supporting startups in the SaaS, social media, D2C, education technology and fin-tech sectros, said India Quotient, adding it will support 35-40 "game-changing ideas".

India Quotient has funded close to 70 startups over the last eight years. Of the portfolio companies the venture fund has backed, nearly 80 per cent have gone on to raise funds for follow-on rounds