Fundamentum Fund III | 2017 VC Fund

Fundamentum

cb Email

Status

ACTIVE

Global HQ

Gurugram, India

Countries of investment

India
United States

Investment stages

Series B
Series C

Industries

Consumer Technology
Fintech
Artificial Intelligence
Enterprise Applications
Retail
SaaS
EdTech
HealthTech
Digital Commerce
Insurtech

About
Fundamentum is a Gurugram-based venture capital firm focused on helping build enduring technology companies out of India. Their focus spans consumer technology, fintech, AI, enterprise applications, and retail across India and the United States. The firm supports Indian tech founders from Series B through Series C stages.

Min check size: $10M
Max check size: $25M
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Investment Thesis

Fundamentum is a Series B and Series C stage venture capital firm deploying capital across consumer technology, fintech, AI, enterprise applications, retail, and SaaS sectors. They invest $10M to $25M in Indian technology companies that have attained product-market fit and initial momentum, providing patient capital and hands-on mentorship to scale enduring businesses. The firm differentiates itself as a founder-led firm anchored by Infosys co-founder Nandan Nilekani and Helion co-founder Sanjeev Aggarwal, providing entrepreneurs with unparalleled access to India's most experienced tech operators.

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Manager's Experience

Founded in 2017 by Nandan Nilekani (Co-founder, Infosys co-founder and architect of Aadhaar India's biometric identity system) and Sanjeev Aggarwal (Co-founder and Managing Partner, co-founded Helion Ventures in 2006, awarded "Venture Capital Professional of the year" by AVCJ in 2012). As of July 2026, Nilekani stepped down as General Partner but remains as anchor investor. Ashish Kumar (Co-founder and former General Partner) departed to launch AI-focused Fundamentum Frontier Advisors (F2A). The team of 14 people includes Prateek Jain (Principal) and Mayank (Principal). The firm has made 17 investments across its first two funds, returning about half of the capital from Fund I to investors. Fund III targeting $200M was launched in July 2026 with 8-10 startups planned at approximately ₹100 crore ($10.5M) initial checks.