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India Quotient closes $129M fifth fund; Shadowfax gears up for IPO at ₹8,500 crore valuation
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India Quotient raised $129 million for early-stage ventures as Shadowfax secured SEBI approval for an IPO at an ₹8,500 crore valuation, reflecting sustained investor confidence.
Early-stage venture capital firm India Quotient successfully raised $129 million for its fifth fund to focus on pre-seed and seed-stage Indian startups in fintech, SaaS, and consumer tech. The fund will support 35–40 early ventures emphasizing sustainable growth models. Meanwhile, logistics startup Shadowfax secured SEBI approval for its IPO, targeting a valuation of ₹8,500 crore. The IPO proceeds will fund expansion in hyperlocal delivery infrastructure. Both developments highlight sustained investor confidence in India’s startup ecosystem despite a tightening global venture funding climate.