Bangalore: India Quotient, an early stage investment fund announced the closure of its first fund from various fund managers and domestic entrepreneurs at 25 Crores.  It was founded in June 2012 and the fund had a committed corpus of USD$ 5 million, reports dealcurry.com.

Founded by Anand Lunia, the funds will be deployed over a period of 18-24 months and the investment range would be anywhere around $50000 and $500000 per company with a pick of 20 percent stake. The funds will be invested in areas like technology, education, health and services, food, travel, internet and mobile etc.

With this movement, Madhukar Sinha from Avishkaar funds has joined India Quotient as a partner. The company has a wide portfolio and has investments in Engrave – a personalized gifting startup, IIM Jobs – a portal that helps business school graduates and job seekers, Belita – a personal care service company. Recently it also invested in RedQuanta, a mystery shopping network.

Anand Lunia was also an executive at Seedfund; he also founded BrainVisa – which was later acquired by an American firm Indecomm Global Services in 2006.

Related Stories:

TVS Capital Raises Rs 500 crore for Top-up Fund

Venture Capital fund to Promote Dalit Entrepreneurs in India