Nandan Nilekani-led fundamentum’s second fund raises $227 Mn to back 4-5 growth-stage startups
Image Credit: the hindu businessline
Fundamentum Partnership has raised $227 Mn for its second fund to invest in Indian startups. The fund has been oversubscribed by $77 Mn from its initial corpus of $150 Mn. The fund will write off cheques between $10 Mn and $15 Mn in growth-stage tech startups operating in the consumer internet and enterprise software space for a period of three to four years. It will also make follow-on investments in the selected startups.