People · Professional & Local Services
General partner Gagan Goyal to leave India Quotient
By Startup Enthusiast ·
- Date
- Company
- India Quotient
- What it does
- Early-stage venture capital firm
- Kind
- People
- Founded
- 2012
What they do
India Quotient is a venture capital firm that invests in early-stage startups
What happened
General partner Gagan Goyal plans to resign after eight years at the firm
Why it matters
The firm recently expanded its leadership team and closed a $129 million fund
The details
- General partner Gagan Goyal plans to resign from India Quotient.
- Goyal informed the firm about his exit a week ago.
- He is likely to start a new venture or work as an advisor with startups.
- India Quotient recently expanded its leadership team with two new partners.
- Sahil Makkar, previously vice president, was appointed as a partner.
- Kanika Agarrwal, ex-cofounder of Upside AI, was also appointed as a partner.
- The firm closed its largest fund, Fund V, at $129 million in October 2025.
The bigger picture
- Goyal had been with India Quotient since 2017 as a general partner.
- His departure comes after the firm raised a record fund and added new partners.
- The leadership changes signal a transition in the firm's investment team.
About the business
- India Quotient is a sector-agnostic venture capital firm.
- It invests in early-stage startups across SaaS, B2B marketplaces, fintech, consumer services, and social media.
- The firm has backed over 100 startups in the last decade.
- Notable portfolio companies include ShareChat, Sugar Cosmetics, Lendingkart, and Kuku FM.
- From Fund V, it has backed startups like Reo.Dev, HomeEssentials, and General Autonomy.
- Fund V focuses on pre-seed, seed, and idea-stage Indian startups.
What happens next
- Gagan Goyal plans to start a new venture or work as an advisor with startups.
- India Quotient will continue investing from Fund V in pre-seed, seed, and idea-stage startups.
Founders
- Gagan Goyal, General partner (resigning)
- Anand Lunia, Co-founder
- Madhukar Sinha, Co-founder
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