Nilekani’s Fundamentum launches Rs 2,200 crore Fund III

Fundamentum Partnership has launched its third fund with a Rs 2,200 crore target corpus. Nandan Nilekani anchors this fund, marking his largest venture capital commitment. The firm focuses on Series B investments in Indian technology companies ready for scaling. Fundamentum will invest Rs 100-150 crore in eight to ten portfolio companies. This new fund prioritizes consumer technology, fintech, and AI-native businesses.