Topic
fundamentum
Nandan Nilekani's Fundamentum Launches Rs 2,200 Crore Fund III for Growth-Stage Indian Startups
Fundamentum Partnership, led by Infosys co-founder Nandan Nilekani and veteran investor Sanjeev Aggarwal, has launched Fund III with a target corpus of Rs 2,200 crore including a Rs 400 crore greenshoe option. The fund will write initial cheques of Rs 100-150 crore for 10-15% ownership in 8-10 companies, focusing on consumer technology, fintech, and AI-native businesses. Fund II has delivered a 26% gross IRR.
Nilekani's Fundamentum Launches Rs 2,200 Crore Fund III for Growth-Stage Indian Tech
Fundamentum Partnership has launched its third fund with a target corpus of Rs 2,200 crore, including a Rs 400 crore greenshoe option. Co-founded by Infosys co-founder Nandan Nilekani and veteran investor Sanjeev Aggarwal, the fund will focus on growth-stage Indian technology companies, with initial cheques of Rs 100-150 crore. The firm reported a 26% gross IRR from Fund II and expects to make 8-10 investments from Fund III.