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The Fundamentum Partnership is a scale-up venture capital fund founded in 2017 and headquartered in India. The firm was established by notable figures including Nandan Nilekani, Sanjeev Aggarwal, and Ashish Kumar, who collectively bring extensive experience in technology and investment. The fund focuses on enabling entrepreneurs to build enduring technology companies that address large market opportunities and uniquely Indian problems. As of 2025, the fund has raised $227 million in its second fund, following an initial corpus of $100 million.
Currently, the Fundamentum Partnership manages a concentrated portfolio, typically making 4 to 5 investments per year. The firm emphasizes long-term partnerships with entrepreneurs, providing not only capital but also mentorship and strategic support to help companies scale effectively. The fund's portfolio companies have collectively raised over $1 billion in follow-on capital, demonstrating the effectiveness of its investment strategy.
The Fundamentum Partnership primarily invests in technology companies in India that are responding to domestic consumption trends or have global aspirations. The firm targets Series B and Series C funding rounds, investing between $10 million and $25 million per company. The sectors of interest include fintech, edtech, AI, and consumer technology, with a particular emphasis on businesses that have achieved product-market fit and initial momentum.
The fund's investment strategy is characterized by a dual-track approach, focusing on both scale-up investments across various sectors and specialized investments in AI and DeepTech. The firm seeks to partner with entrepreneurs who demonstrate a strong customer focus and a commitment to building lasting businesses. This approach is complemented by active, hands-on support, combining investment with strategic advice to help portfolio companies navigate growth challenges.
The Fundamentum Partnership has invested in a diverse range of technology companies, with a total of nine notable portfolio companies as of late 2025. Key investments include:
These investments reflect the fund's commitment to supporting technology-driven companies that address uniquely Indian challenges and market opportunities.
Nandan Nilekani - Co-Founder & General Partner. Nandan is a co-founder of Infosys and served as the Chairman of UIDAI (Aadhaar). He is recognized as one of India's leading technologists and investors, bringing extensive experience in technology and governance.
Sanjeev Aggarwal - Co-Founder & General Partner. Sanjeev previously co-founded Helion Venture Partners and leads the scale-up strategy at Fundamentum. His expertise lies in identifying and nurturing high-potential technology companies.
Ashish Kumar - Co-Founder & General Partner. Ashish leads the AI and DeepTech investment strategy at Fundamentum. He has a strong background in technology and investment, focusing on innovative solutions in the tech space.
Prateek Jain - Principal. Prateek plays a key role in sourcing and evaluating investment opportunities, contributing to the firm's overall strategy and execution.
When pitching to Fundamentum, include details about your product-market fit, customer focus, and growth potential. Highlight how your startup addresses uniquely Indian challenges or domestic consumption trends.
In February 2026, The Fundamentum Partnership led a $23 million Series C round for Olyv, a personal lending platform. This investment highlights the firm's commitment to supporting technology-driven companies in India.
Additionally, the firm is actively leading a $20 million round for Stable Money, a wealthtech startup, further demonstrating its focus on scaling technology companies that address significant market needs.
What are the investment criteria for The Fundamentum Partnership?
The Fundamentum Partnership invests in technology companies that have achieved product-market fit, primarily in the Series B and Series C stages. The firm focuses on sectors such as fintech, edtech, AI, and consumer technology, targeting companies that address large market opportunities in India.
How can startups apply or pitch to The Fundamentum Partnership?
Startups interested in pitching to The Fundamentum Partnership should prepare a detailed presentation that outlines their business model, market opportunity, and growth strategy. While specific application channels are not publicly disclosed, a warm introduction through mutual connections is often beneficial.
What makes The Fundamentum Partnership different from other venture capital firms?
The Fundamentum Partnership distinguishes itself through its dual-track investment strategy, focusing on both scale-up investments and specialized sectors like AI and DeepTech. The firm emphasizes long-term partnerships with entrepreneurs, providing not just capital but also mentorship and strategic support.
What is the geographic scope of The Fundamentum Partnership?
The firm primarily invests in technology companies based in India, responding to domestic consumption trends or having global aspirations. This focus allows them to leverage local market insights effectively.
What is the typical check size for investments?
The Fundamentum Partnership typically invests between $10 million and $25 million per company, aligning with their strategy to support scale-up ventures that have established initial momentum.
What is the post-investment involvement of The Fundamentum Partnership?
The firm provides active, hands-on support to its portfolio companies, combining investment with strategic advice to help them scale effectively. This includes mentorship and guidance on operational challenges.
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