The new fund aims to invest in the range of Rs 100-150 crore in each growth stage startups cutting across sectors.

Nandan Nilekani will be anchoring Fundamentum Fund III with what the firm described as his largest investment in a venture capital firm. The vehicle will be led by Aggarwal,…

Nilekani remains Fundamentum's anchor investor as the firm expands its leadership team and targets AI and fintech startups in India.