Press Esc to close
Saturday 19 August 2017
News updated at 8:21 PM IST

Nilekani, Aggarwal set up Rs 647 cr fund

DH News Service, Bengaluru, Jul 3 2017, 23:51 IST
Nandan Nilekani, co-founder and former CEO of Infosys, has partnered with Sanjeev Aggarwal. DH Photo

Nandan Nilekani, co-founder and former CEO of Infosys, has partnered with Sanjeev Aggarwal. DH Photo

Nandan Nilekani, co-founder and former CEO of Infosys, has partnered with Sanjeev Aggarwal, venture capital veteran and founder of Daksh, to launch a new scale up platform — ‘The Fundamentum Partnership’ with an initial corpus of $100 million (Rs 647 crore).

Fundamentum is a platform created for entrepreneurs by entrepreneurs, capital and entrepreneurial acumen from the two founders will be bolstered by bringing on board, leading entrepreneurs who will invest in the fund and act as mentors for the portfolio companies, a statement said.

The corpus will be extended to $200 million if good opportunities come along. Capital will also be contributed by a select set of long term institutional investors. It will lead investment rounds from $10 million to $25 million in companies that have attained the product market fit, have an initial momentum and are looking to scale up.

The company will back local champions in building durable technology companies. It will focus on consumer technology businesses, particularly ventures that are solving unique Indian problems. A portion of its capital will also go into enterprise technology/outsourcing companies serving global corporations.

Go to Top

Photo Gallery
Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Farmers takes part in oxen race of Kalapoottu in Pullaloor in Kozhikode...

Farmers takes part in oxen race of Kalapoottu in Pullaloor in Kozhikode...

Youngsters sit inside Humes pipes at a city street in Kolkata...

Youngsters sit inside Humes pipes at a city street in Kolkata...

Devotees performs 'Deodhani', a traditional folk dance from the Indian state of Assam...

Devotees performs 'Deodhani', a traditional folk dance from the Indian state of Assam...

Children stand waist-deep in flood water as they wait for rescue workers in Katihar...

Children stand waist-deep in flood water as they wait for rescue workers in Katihar...

A  file photo of  Infosys CEO Vishal Sikka...

A file photo of Infosys CEO Vishal Sikka...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

People with their household belongings move to a relief camp from a flood-hit region...

People with their household belongings move to a relief camp from a flood-hit region...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.