Fundamentum Raises $227M for Fund 2

Fundamentum Partnership

Fundamentum Partnership, a Gurgaon, and Bengaluru, India-based venture capital firm, raised $227Mn for its second fund.

The vehicle will be invested in early growth stage Indian startups that have attained product-market fit and have developed momentum in their “scale-up” path. Fundamentum plans to lead or co- lead $25-40 million round, investing in 4-5 start-ups each year.

The fund will focus on tech-driven enterprises in the consumer internet and enterprise software space in India.

The vehicle was deployed strategically in early growth stage startups, including Pharmeasy and Spinny. Other investments made by the firm include Fareye – a logistics SaaS start up, Ayu Health – a network of high quality hospitals and, Probo – a technology infrastructure company for events trading.

Led by General Partners Ashish Kumar, Nandan Nilekani and Sanjeev Aggarwal, Fundamentum Partnership’s team also includes Prateek Jain, Principal.