Episode 52 / February 16, 2020
Anand Lunia, India Quotient
After completing his MBA from IIM Lucknow in 1998, Anand started his first EduTech company around the Dotcom boom – Brainvisa which became one of the largest eLearning companies in India and later on got acquired by Indecomm Global Services.
From 2007 to 2012, he backed several startups as an Angel Investor – Fasoos & MyDentist.
Later in his career in 2012, he became a Founding Partner at IndiaQuotient, Venture Capital Firm which has invested in over 50 startups in the last 8 years.
Some of his portfolio companies are LoanTap, Clip, and Sharechat among others.
In this podcast, Anand shares his understanding of the Indian Middle-class consumer & also shares his learnings on how can startups build products for them.
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Notes –
00:35 – His Journey from Starting the first company in Dotcom boom to becoming a VC in 2012
01:50 – Experience with Early Portfolio Companies – Financial Services & Content
09:00 – Understanding Indian consumers & building products for them
16:55 – Investing in Indian Cosmetics Brand – Sugar
20:50 – Serving the average Indian consumer with disposable income
27:30 – Thesis behind building Indian Consumer Brands
32:50 – Core Themes for future Portfolio companies at IndiaQuotient
38:50 – Portfolio Companies in Small Business Software – Vyapar, Fleetx, BharatAgri
39:48 – Being bold & Taking Contrarian bets as a VC
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