Indium selenides (InSe and In Se ) have earned a special place among the 2D layered metal chalcogenides owing to their nontoxic nature and favourable carrier mobility. Additionally, they are also being projected as next generation battery anodes with high theoretical lithium-ion storage capacities. While the development of indium selenide-based batteries is still in its embryonic stage, a simple and easily scalable synthetic pathway to access these materials is highly desirable for energy storage applications. This study reports a controlled synthetic route to nanometric cubic InSe and hexagonal In Se materials through proper choice of coordinating solvents from a structurally characterized air and moisture stable single source molecular precursor: tris(4,6-dimethyl-2-pyrimidylselenolato)indium(III). The crystal structure, phase purity, composition, morphology and band gap of the nanomaterials were thoroughly evaluated by pXRD, energy dispersive X-ray spectroscopy (EDS), electron microscopy (SEM and TEM), and diffuse reflectance spectroscopy (DRS), respectively. The pristine InSe and In Se nanostructures have been employed as anode materials in lithium-ion batteries (LIBs). Both the cells deliver reasonably high initial discharge capacities with a cyclability of 200 and 620 cycles for cubic InSe and hexagonal In Se respectively with ∼100% coulombic efficiency.