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Fundamentum launches third fund of Rs 2,200 crore

What they do

Fundamentum is a venture capital firm that invests in technology-driven startups at Series B stage

It launched Fund III with a target corpus of Rs 2,200 crore, anchored by cofounder Nandan Nilekani

Fund II has generated a gross IRR of 26% and its portfolio companies grew 123% over the past year

Fundamentum launched its third Series B fund, Fund III, with a target corpus of Rs 2,200 crore including a Rs 400 crore greenshoe option (an option to raise additional capital).
Nandan Nilekani, cofounder of Fundamentum, is the anchor limited partner, making his largest investment in any VC firm.
Fund III plans to invest Rs 100 crore to Rs 150 crore per company on average.
The fund is sector agnostic with primary focus on consumer technology, fintech, and AI native/AI-enabled businesses.
In consumer technology, Fund III will invest across digital commerce, content, healthcare, edtech, and emerging sectors.
In fintech, Fund III will focus on credit, savings, wealth management, insurance, and financial infrastructure.
Fund III will evaluate AI native and AI-enabled businesses as standalone themes and as capabilities transforming financial services and consumer technology.
Fund III is led by Sanjeev Aggarwal, Prateek Jain, Mayank Kachhwaha, and CFO Sanjay Chaturvedi.

Fund II has generated a gross IRR of 26% (internal rate of return, a measure of investment profitability).
Fund II portfolio companies recorded 123% growth over the past year.
Fundamentum focuses exclusively on Series B investments in India, typically leads or co-leads rounds of $15M to $40M, and invests in 4-5 startups annually.
The firm was founded in 2017 by Nandan Nilekani and Sanjeev Aggarwal.

Fundamentum is a venture capital firm that invests in technology-driven startups at the Series B stage in India.
It is sector agnostic but focuses on consumer internet, fintech, B2B commerce, enterprise technology, AI native and AI-enabled businesses.
The firm typically leads or co-leads rounds of $15M to $40M and invests in 4-5 startups annually.
Its portfolio includes Spinny, PharmEasy, Kuku, Wishlink, ProcMart, AppsForBharat, FlexiLoans, Apna Mart, Stable Money, TransBnk, and Olyv.

Nandan Nilekani (anchor limited partner) — Cofounder of Fundamentum; made his largest investment in any VC firm as anchor of Fund III.