VC fund (Cat II) · Curated list
The Fundamentum Partnership
Growth (Series C+) · Consumer Internet & Marketplaces · Gurugram
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Consumer Internet & Marketplaces
- City
- Gurugram
- HQ / office
- 10th Floor, Vatika Towers, Tower B, Sector 54, Gurugram 122002, Haryana
- Fund registered
- 2017
- Investments on record
- 16
- Corpus (as reported)
- ~$250M AUM; Fund I (2017) ~$100M, Fund II (2022) $227M; Fund III reported 2025
- Website
- fundamentum.co.in
About
Founder-led Indian growth-stage VC (est. 2017) by Nandan Nilekani & Sanjeev Aggarwal (with Ashish Kumar). Backs a few post-PMF Indian tech firms/year at Series B/C, long hold. SEBI Cat-I AIF, Gurugram.
Investment focus
Series B/C growth ($10–25M cheques); consumer internet, fintech, healthcare, logistics, SaaS, supply chain
Cheque size
~$10-25 million per deal (growth-stage, Series B/C).
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category I — Venture capital — reported as “Growth VC / Cat I/Cat II”
- IN/AIF1/17-18/0333
- IN/AIF1/21-22/1000
- IN/AIF2/26-27/2142
SIDBI Fund of Funds
None found — disclosed LPs/partners are foreign institutions: CDPQ (Caisse de dépôt et placement du Québec) and IFC (World Bank Group) participation at portfolio level. No evidence of SIDBI FFS or an Indian government/state FoF as LP.
Notable portfolio
PharmEasy; Spinny; FarEye; Ayu Health; ProcMart; Geniemode; FlexiLoans
Team & organisation
~20+ personnel including 3 co-founders/General Partners (Nandan Nilekani, Sanjeev Aggarwal, Ashish Kumar) plus investment, finance and operations staff and ~3 strategic advisors.
Growth-stage tech VC; managed by AMC 'Fundamentum Advisors' running Fundamentum Fund I and Fund II (multi-fund). Founded 2017, Gurugram. SEBI-registered AIF (growth/Category II profile).
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Frequently asked
- What does The Fundamentum Partnership invest in?
- Series B/C growth ($10–25M cheques); consumer internet, fintech, healthcare, logistics, SaaS, supply chain
- What cheque size does The Fundamentum Partnership write?
- As compiled from public sources: ~$10-25 million per deal (growth-stage, Series B/C).
- How do I pitch The Fundamentum Partnership through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Highly selective, large cheques only — later-stage only. AUM/returns from press, not site.
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://inc42.com/buzz/fundamentum-cofounder-ashish-kumar-launches-%E2%82%B92000-cr-ai-deeptech-vc-fund/; https://www.fundamentum.co.in/