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.
The fourth fund of early-stage VC, India Quotient, saw 80 percent of its target corpus being subscribed by domestic capital from leading family offices and institutional investors.
A statement from India Quotient said the domestic leg of the fundraising was hugely oversubscribed and it is in discussion with global investors for raising the rest of the money.
