 "Nandan Nilekani")
The Nandan Nilekani-led growth fund Fundamentum Partnership is planning to raise equity from International Finance Corporation (IFC), the World Bank's investment arm. This is part of the fund's plan to create a corpus of $125 million.
Early this month CDPQ, a Canada-based institutional investor, had invested $20 million in the fund.
IFC did not disclose the quantum of the money it plans to invest, but stated that the fund was seeking to raise $100-125 million in capital commitment, subject to necessary approvals from the trustee. IFC has proposed an equity investment in the fund.
The Fundamentum Partnership, founded in 2017,
