Seed to Series B (fintech-only) fund research profile
Quona Capital is a fintech-only investor focused on financial inclusion across emerging markets. Its India and Southeast Asia portfolio spans digital credit, insurance, payments, SME finance, agri-finance and banking infrastructure, with the firm publishing both portfolio and impact evidence.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Quona Capital (India) uses a seed to series b (fintech-only) approach across Inclusive fintech.
Current evidence
Quona launched Fund IV in 2024 and its 2024 impact reporting covers active portfolio companies through December 2024; named India and Southeast Asia positions include Onsurity, CreditMantri, NeoGrowth, Arya, Bureau, Rupifi, Turno and Shivalik.
Strategy
Seed to Series B (fintech-only)
Sector focus
Inclusive fintech
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
Quona launched Fund IV in 2024 and its 2024 impact reporting covers active portfolio companies through December 2024; named India and Southeast Asia positions include Onsurity, CreditMantri, NeoGrowth, Arya, Bureau, Rupifi, Turno and Shivalik.
Investor questions
Quona Capital (India) is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Seed to Series B (fintech-only), with a sector focus of Inclusive fintech. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to Quona Capital (India) in the reviewed public sources: Onsurity, CreditMantri, NeoGrowth, Arya, Bureau, Rupifi, Turno, Shivalik, SuperPe, Zinc. It does not represent a complete current portfolio unless the manager has published one.
Quona’s public impact materials cite 6.69M MSMEs served by the Asia portfolio in 2022; the India portfolio includes Onsurity, CreditMantri, NeoGrowth, Shivalik and ZestMoney. The manager reports platform-level impact metrics rather than a single India fund return. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Fund III closed at $332M and the manager reports more than $750M AUM across vehicles. Fund IV activity is referenced in the current platform record.. Public terms or access information: Seed to Series B fintech investing in emerging markets, including payments, credit, insurance and financial infrastructure. Vehicle-specific India cheque and reserve terms are not fully disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Monica Brand Engel, Ganesh Rengaswamy (India co-founder). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: India team roster; India-specific DPI.
2024: Quona launched Fund IV in 2024 and its 2024 impact reporting covers active portfolio companies through December 2024; named India and Southeast Asia positions include Onsurity, CreditMantri, NeoGrowth, Arya, Bureau, Rupifi, Turno and Shivalik.
Next step
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