Canadian pension fund CDPQ backs Nilekani-Aggarwal's mid-market fund

With a target size of approximately 100 million, Fundamentum Partnership Fund I is expected to invest an average of up to 15 million in select startups

Canadian pension fund La Caisse de depot et placement du Quebec (CDPQ) has invested $20 million in the maiden growth fund of Fundamentum, a venture capital firm by Infosys founder Nandan Nilekani and veteran venture capitalist Sanjeev Aggarwal. 

 

Fundamentum is a scale-up platform for mid-stage technology companies in India, which benefits from the experience of its two founders, Nandan Nilekani (co-founder of Infosys) and Sanjeev Aggarwal (founder of Daksh, Helion), alongside a network of entrepreneurs and key investors.