India Quotient
also referred to as: indiaquotient
36 statements across 7 episodes · 15 bullish · 5 bearish · 7 people on the record · first statement Feb 17, 2020 by Anand Lunia · said 72 times in 8 episodes since 2020 · across every show →
Mentions by year
brought up most by Siddhartha Ahluwalia (47), Anand Lunia (14), Kushal Bhagia (4), Madhukar Sinha (3), Ashvin Chadha (3), Avlesh Singh (1)
tap a year for its mentions
2026 5 mentions in 1 episode
2023 29 mentions in 2 episodes 15 per episode
2022 1 mention in 1 episode
2021 24 mentions in 3 episodes 8 per episode
- Investing in outliers with Madhukar Sinha, Founder, India Quotient | 100x Entrepreneur Podcast
- @firstcheque7252 CEO on Early Stage Investing and investments from founders ft. Kushal Bhagia
- Backing the best D2C companies with Debt & Equity Funding | Ashvin Chadha, Anicut Capital
- every mention in 2021, scene by scene →
2020 13 mentions in 1 episode
Everything said about India Quotient, oldest first
Feb 17, 2020 negative
Feb 17, 2020
Lunia: Startups need $1.5M to $2M in seed capital to reach Series A
“More importantly is that the amount of money needed by a company to reach a decent series A, let's say, which is sort of at least, you know, five to eight million dollars series A the amount of money to reach there is sort of becoming like one and a half two m…”
Feb 17, 2020 bullish
Lunia: Indian small businesses will adopt self-service SaaS
“Contrary to perception and you know the common consensus between VCs today, we think that People will do self-service SaaS. So Indians have been written off. We believe that nobody will do self-service SaaS. We think these people will do self-service SaaS.”
Feb 17, 2020 negative
Jun 15, 2021
India Quotient founders became tech investors despite zero coding experience
“We are full-fledged tech investors, as you can say, with me having zero experience of tech, by the way, I don't code. I don't understand code also, right? So of course I am an engineer, so I understand the logic of technology, but nothing hands-on. Similarly, …”
Jun 15, 2021 positive
ShareChat founders launched with a ₹50L check instead of corporate jobs
“If you, even if you take the example of Shared guys in 2015, when they started, all of them had freshly graduated from IIT Kanpur. They could have easily got a job of 10, 20 lakh rupees in good, good companies, right? But they decided not to do that and take a…”
Jun 15, 2021 bullish
Jun 15, 2021 bullish
Jun 15, 2021
India Quotient used to give upfront checks alongside term sheets
“When we started investing in we had a rule that we would give a term sheet and along with the term sheet, we would Give a check of 10 lakhs or 20 lakhs to get started, right? So we will not say that, okay, now we are given a term sheet and now after two months…”
Jun 15, 2021
India Quotient publishes its standard term sheet online without modifications
“In our website, we have put out a term sheet and we don't make a lot of changes in the website when on the term sheet. We don't make a lot of changes in the term sheet when we are investing in a new company. We tell the founder to go and read it on the website…”
Jun 15, 2021 bearish
Sinha says SaaS businesses are merely support tools, not market changers
“So, so therefore that is also one of the reasons I don't do a lot of software, right? So I don't do SaaS. I don't do enterprise SaaS or I, Don't do B to B SaaS. It's not like I don't like those businesses or they are not, they can't make money. They can make m…”
Jun 15, 2021 neutral
India Quotient partners can write first checks without consensus
“As a rule, what we do at India question is that when you are investing for the first time, right? We largely go by the gut of the champion partner over there. So if I am basically leading a deal, And I am very sure about doing the deal. Right. Then my partners…”
Jun 15, 2021
India Quotient launched with a strict rule to never syndicate deals
“Our strategy will be deciding the deal. So we will not do a syndicate kind of strategy. So we will we will invest and if the company raise more money, that's okay, but we will, our investment will not be subject to somebody else investment, right? So that was …”
Jun 15, 2021 negative
India Quotient did only two or three tranched deals in nine years
“Before starting India question, 60, 70% of the deals I would have done would have been a trans investment. So each investment will be broken into two, three, four steps, and then valuation will be based on certain parameters, so on, so forth. I think in the la…”
Jun 15, 2021 neutral
Conventional fund management applies only to $100M+ mega-funds
“I think fund manager thing only works when you are like managing hundreds of millions of dollars. You have that kind of pedigree where your job is largely doing money management, right? So we are not money management, right? Our job is not money management. Ou…”
Jun 15, 2021 bullish
Jun 15, 2021 neutral
Jun 15, 2021 bullish
Jun 21, 2021
Nov 1, 2021 neutral
First Cheque launched in 2019 to co-invest alongside founder angels
“We decided, okay, let's, let's, you know, try and set up a fund which basically backs founder angels and then let those founder angels pick companies for the fund, and the fund will basically just invest with them wherever they do. So that is how India, that i…”
Jul 28, 2023 positive
Jul 28, 2023 positive
Nov 3, 2023
Lunia: Seed funds must invest two to three years ahead of consensus
“If I'm not early, I'm not relevant. For me, being early is an existential problem, right? I mean, after the space is discovered. So now everybody knows neobanks, right? People have been investing in new banks even till today, right? Now we've got still getting…”
Nov 3, 2023 positive
Lunia: VC fund modeling requires fixed ownership targets across all investments
“So the lesson learned in fund one for modeling perspective, you have to have high ownership, even ownership, right? You can't have a fluctuating somewhere, two percent, somewhere, 10% model. You decide, okay, my ownership is 10, it's 15 or it's five. Stick to …”
Nov 3, 2023 positive
Nov 3, 2023
Nov 3, 2023 neutral
Lunia: India Quotient passed on MPL due to insufficient ownership allocation
“One of the companies that I really missed was MPL. Sai, we had funded his previous company. This Creo, the hardware phone, smartphone, right? And he came back and he raised a five million round. Now, of course, there was Bnext, there was Sequoia, Sequoia was l…”
Nov 3, 2023
Nov 3, 2023 positive
Nov 3, 2023
Lunia: India Quotient partners average three deals annually, capping firm at 10-12
“Each partner, each GP does only three deals a year on an average.
So there are three of us, maybe some of the VPs will pull in a deal or two.
So as a team, we can do 10, 12 deals a year at most.
Usually we do single digit deals in a year.”
Nov 3, 2023 positive
Lunia: Indian Youth Consumer Spending Reflects Combined Household Income, Not Personal Earnings
“For a investor or an entrepreneur, This is a good audience because this then again, like I said earlier, The expenditure people will do is not restricted by the individual's income. It is about the income of the individual and the parents.”
Nov 3, 2023 bullish
Lunia: Lendingkart, Sugar, Oakter, and ShareChat are lined up for IPOs
“So hopefully we'll see Lending Cart and Sugar first. There's a company called Okter. It's a home automation. They build these Paytm sound boxes, the profitable company, electronics outsourcing maybe in 18 months, they'll go a little bit later and maybe in 36 m…”
Nov 3, 2023 negative
Lunia: India Quotient will not fund diaspora Silicon Valley Indian startups
“Suddenly I start doing Silicon Valley, quasi Indian, NRI Indian or Indian kids going abroad. I don't want to fund them. I mean, that's, I may fund one or two because I know them so well, but that's not your DNA. No, it won't be. And that my portfolio won't be …”
Nov 3, 2023 positive
Nov 3, 2023 positive
Jul 7, 2026
Senpaty: Propelld pitched roughly 100 investors before landing early venture rounds
“This is the first time we raised venture. We've spoken to close to a hundred investors probably during that time. So yeah, both during the IQ and Stellaris time and even before that as well. Together we would have spoken to a hundred.”