Tech veterans Nilekani and Aggarwal’s India venture raises $227 million second fund

Fundamentum Partnership, a venture firm co-founded by Nandan Nilekani and Sanjeev Aggarwal, has raised $227 million for its second fund as the high-profile tech industry veterans double down on backing startups in the South Asian nation.
The fund plans to deploy the capital by investing in four to five startups each year. Fundamentum, which typically backs startups in the Series B stage and beyond, will look to lead or co-lead $25 million to $40 million rounds, Aggarwal told TechCrunch in an interview.
Nilekani, co-founder of IT services giant Infosys and who has been instrumental in developme

リンク元