Looking for founders with EQ, IQ and IndiaQ.
The firm invested in Sharechat when it was just a thought on paper, and 'Indian Social' was not even a category. Then the firm did the same thing for Sugar, Lendingkart, Vyapar, Dhiwise, Frnd et al. The firm thinks the next big thing will be built in India. And it will not be a copy of Amazon, Uber or Facebook. It's never too early for the firm to invest. The firm prefers demos over decks, but an email will do just fine.
Anand Lunia
Founding Partner
Anand wakes up every morning with one thought: 'Let's make India great again.' He loves writing on startups, studying market opportunities, and helping entrepreneurs. Before IndiaQuotient, he bet his farm (literally) on an angel investment in Rebel Foods, one of the largest cloud kitchens in the world. Earlier, he was a partner at Seedfund, known for its exits in Carwale and Redbus. He co-founded an edtech company which he exited in 2005. His Twitter handle says it all: 'Entrepreneur is the king. Not the VC.' He feels that leading the simple, Indian middle-class life is an investor's superpower.
Madhukar Sinha
Founding Partner
Agriculture engineering; postgraduate degree from IIM Lucknow
Madhukar loves networking and has made very strong inroads in entrepreneur circles. A part of Aavishkaar Microfinance and Impact Fund as an investment manager, he was a part of India's microfinance revolution. His unique experience as a non-profit executive in India is evident in his approach towards new investment opportunities. The agriculture engineer by training has a postgraduate degree from IIM-Lucknow and is the go-to man for all things legal and regulatory.
Gagan Goyal
General Partner, IndiaQuotient
Gagan Goyal is a General Partner at IndiaQuotient, joining the founding team to strengthen deal sourcing and portfolio support across the firm's early-stage investment platform.
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Registered 2021
Kanika Agarrwal
Partner
Kanika loves meeting new people to discuss the next crazy idea. Before IQ, she co-founded Upside AI that used machine learning to invest in the public markets. She led sales for Upside and can deeply relate to a founder's difficult journey from 0 to 1. She also worked with Mayfield investing in early-stage SaaS and consumer businesses. Kanika has also worked with Credit Suisse and EY.
Sahil Makkar
Partner
CFA (Level 3 cleared); PGP IIM Bangalore; B.Tech (Hons) IIT Bhubaneswar
Sahil brings extensive investing experience to the team. Prior to IndiaQuotient, he has closed multiple venture debt transactions across sectors (SaaS, B2B marketplace, Ed Tech, D2C & B2C) and also has 4 years of extensive buy-side experience at Goldman Sachs where he invested in TMT, consumer & retail, and Infrastructure companies. Sahil also has experience in full-stack software development as he extensively built from scratch multiple applications (gaming, content, audio/video features) for Samsung Smart devices along with researching on innovative gestures, video technologies. In addition to being a firm believer in technology companies, he's extremely passionate about public markets as well as reading biographies of founders, Punjabi cinema, and Sports. Education-wise Sahil is an alumnus of IIM Bangalore (PGP 2015-17), CFA level 3 cleared, and B.Tech (Hons) in Electrical Engineering from IIT Bhubaneswar.
Puneet Kumar
Associate
B.Tech and M.Tech (IIT Bombay); MBA (IIM Calcutta); MiM (Stockholm School of Economics)
Puneet joined IndiaQuotient with enthusiasm for India's potential to lead innovation across sectors. He has experience in transactions for a major quick commerce player in India and a B2B tech startup based out of the Philippines. At IQ, he focuses on the Consumer, Fintech, and SaaS sectors. Before IndiaQuotient, he worked at Avendus Capital with their investment banking practice (Digital and Technology), where he was exposed to the end-to-end deal cycle for growth startups. He has also worked at Cartier, Incred Capital, Edelweiss Debt Fund (EISAF-II), and a few pre-seed and seed-stage startups in the Edtech, Fintech, and AI spaces.
Mohit Mittal
Vice President
Mohit has seen India's startup landscape evolve since 2014, both as an operator and VC. He's very bullish on India's growth story, firmly believing that Indian products will dominate the global market. With its abundant human resources, cultural strengths, and technical prowess, India has a lot to offer. It is IQ 2.0 for Mohit, having previously spent 3 years at the fund from 2018-2021, after which he moved out to launch a startup, giving him firsthand experience with the struggles that founders face. Mohit has a deep interest in consumer internet and D2C brands and stays keenly attuned to the latest developments in AI trends.
Madhav Malani
Analyst, IndiaQuotient
Madhav Malani is an Analyst at IndiaQuotient.
Hemant Agarwal
Associate
Commerce graduate, St. Xavier's College Kolkata; CFA (two levels cleared)
Hemant joined IndiaQuotient with the excitement that India has the opportunity to leapfrog innovation across multiple sectors and lead the way for innovation across the world. He loves the uncanny ability of the founders to identify insights that matter and to combine those with diligent, thoughtful execution to build category-leading businesses. Prior to IndiaQuotient, he worked at AU Small Finance Bank in the CEO's office which provided him with a bird's eye view of the strategies employed to build a digital-led bank, enable financial inclusion and the role of technology in the implementation of these strategies. He has also worked at Byte Dance and Ogilvy in the past which has allowed him to develop a non-finance lens.
Sharad Agarwal
VP - Finance
Chartered Accountant; Company Secretary
Sharad, a Chartered Accountant and Company Secretary, challenges the stereotype that numbers alone dictate truth. Differing from traditional finance professionals, he values the business context behind decisions. As the Head of Finance Operations at IndiaQuotient, he crucially contributes to financial success and operational efficiency. Previously leading finance at MatchMove, a Singapore-based B2B fintech company, and at Infosys in business finance, Sharad boasts a robust foundation in financial management and analysis.
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