India, Oct. 22 -- Early-stage focussed venture capital (VC) firm India Quotient has closed its fifth fund (Fund V) with an investment of $129 Mn (about INR 1,132 Cr), over double the size of its $64 Mn Fund IV.

With the fund, India Quotient aims to back pre-seed, seed stage Indian startups along with investing in idea stage startups.

"We will continue to back founders long before their ideas become 'sectors.' This has been true from the early days of India social, brands, content, digital lending, India software, agritech, and many more," the VC firm said in a post on its social media handles.

As part of Fund V, India Quotient said it will support founders at every stage without pressuring them to raise funding too quickly, give up exc...