Fundamentum Partnership, a venture capital firm co-founded by Infosys’ Nandan Nilekani and Helion Ventures’ Sanjeev Aggarwal, has launched its third fund targeting ₹2,200 crore, including a ₹400 crore greenshoe option, according to inc42.com. The fund will continue to focus on growth-stage startups, primarily at the Series B stage, with an emphasis on consumer tech, fintech, and AI sectors.
Nandan Nilekani has stepped back from his general partner role but remains the anchor investor with his largest personal investment in any VC firm to date. The fund will be led by four general partners: cofounder Sanjeev Aggarwal, CFO Sanjay Chaturvedi, and newly promoted GPs Prateek Jain and Mayank Kachhwaha. Jain’s promotion to GP was announced earlier this month after over nine years with Fundamentum. The firm plans to invest in four to five startups annually, maintaining a concentrated portfolio strategy.
Fundamentum’s investment focus spans digital commerce, digital healthcare, content, and edtech within consumer tech, while fintech investments will target credit, wealth management, insurance, savings, and financial infrastructure. AI-native and AI-enabled businesses will be considered both as standalone themes and as capabilities reshaping other sectors. This fund launch follows a growing trend of VC firms backing AI and fintech startups at the growth stage in India.
The fund’s concentrated approach aims to back startups that have demonstrated product-market fit, positioning Fundamentum to support companies ready to scale. The firm’s third fund launch was confirmed in early July, with the new GP lineup expected to drive investment decisions and portfolio management.