VC raises USD100m
Mumbai-based Indian Quotient is in the midst of launching a USD100 million fund raising exercise in India and South East Asia for the Indian market.
The fund will be for Indian Quotient’s investments in start-ups in India, said its General Partner Anand Lonia at the inaugural Asia PE-VC Summit 2016 held in Singapore September 30, 2016.
The venture capitalist invests in early stage or as first investors, since 2012.
It has invested in online lenders to small businesses, Lendingkart, Healthcare aggregators Care 24 and doctor service Curofy.
“We invest from Rs3 Crore to Rs.6 Crore or Rs 500,000 to Rs1,000,000,” he said.
It is now looking to invest in online finance companies, remote education, remote healthcare and focusing on businesses media among others. fii-news.com
