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Nandan Nilekani's Fundamentum raises $227 million in second fund

Fundamentum plans to fund enterprises that have attained product-market fit and developed momentum in their scale-up journey

nandan nilekani
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The firm will back India-based entrepreneurs, who are set to move from the start-up stage to the scale-up phase.

Peerzada Abrar Bengaluru
Fundamentum, the venture capital (VC) firm led by Nandan Nilekani, the co-founder of Infosys and architect of Aadhaar, has raised $227 million in its second fund. The money would be invested in early growth-stage Indian start-ups.

Fundamentum plans to fund enterprises that have attained product-market fit and developed momentum in their scale-up journey.

Fundamentum plans to lead or co-lead a $25-40 million round, investing in four-five start-ups each year. It will focus on tech-driven enterprises in the consumer internet and enterprise software space in India.

The firm will back India-based entrepreneurs, who are set to move from the start-up stage

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First Published: Aug 19 2022 | 8:56 PM IST

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