The Fundamentum Partnership, a venture capital firm focused on Series B investments, has launched its third fund with a target corpus of Rs 2,200 crore.
The firm's founding partner, Nandan Nilekani, will serve as the anchor investor.
Founded in 2017 by Infosys co-founder Nandan Nilekani and Sanjeev Agarwal, Fundamentum will use the new multi-sector fund to back startups across consumer technology, fintech, and AI-native as well as AI-enabled businesses.
The firm plans to invest Rs 100–150 crore in each portfolio company.
According to the company, Fundamentum has made 17 investments through its first two funds across sectors including consumer internet, Bharat-focused apps, fintech, B2B commerce, enterprise technology, and other emerging areas.
