Fundamentum VC investing in Indian startups raises $227 million in second fund

Oluwajuwonlo Afolabi -

Fundamentum Partnership, a venture capital firm based in India has raised $227 million for its second fund, to continue investing in impact-making startups in India.

  • The fund will be deployed to Series B and C startups across consumer technologies, SaaS, and cleantech among others, the VC claims.
  • The funding was raised from local entrepreneurs and the VC's personal investment offices, and it looks on to increase the raise to $250 million.
  • Founded in 2017 by Nandan Nikelani and Sanjeev Aggarwal of Helion, Fundametum focuses on investing in tech startups in India.
  • The VC raised $100 million in its first fund with which it invested in six startups including PharmEasy which is now a unicorn and Spinny, a platform for selling used cars. It has also invested in FarEye, a delivery startup, and Probo, a trading platform among others.
  • It looks to invest four to five times per year with the second fund, committing $10-15 million to leading or co-leading investments in startups.