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India Quotient raises $64 million in ongoing fourth fund

India Quotient, the early-stage venture capital fund, has announced that it has raised $64 million as the first close of its fourth fund, primarily from domestic investors which included leading family offices and institutions. India Quotient had announced the launch of its fourth fund in February this year with a target corpus of $80 million. Anand Lunia, Founding Partner, India Quotient, said, “Today, Indian families and HNIs are directly engaging with VC firms, a great sign of wealth creation within India in times to come. India Quotient also inducted Gagan Goyal, an ex-entrepreneur and IIT Bombay alumnus, as a General Partner in the team, along with Anand Lunia and Madhukar Sinha. Prior to joining India Quotient, Gagan had been an active angel investor, having backed nearly 20 startups with five exits to date.

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