Fundamentum targets Rs.2,200-Cr for third growth-stage fund

Infosys cofounder Nandan Nilekani and Helion Ventures founder Sanjeev Aggarwal have launched Fundamentum III , their third growth-stage technology fund, with a target corpus of INR 2,200 crore, which includes a INR 400 crore greenshoe option.Fundamentum III is focused on supporting companies within consumer technology, fintech, and AI-native or AI-enabled sectors. The firm typically plans to issue first cheques of approximately USD 10-15 million on average across roughly 11 companies, with 40% of the fund reserved for follow-on investments.The new fund is led by general partners Sanjeev Aggarwal, Prateek Jain, Mayank Kachhwaha and Sanjay Chaturvedi, while Nandan Nilekani serves as the anchor limited partner. The launch coincides with a leadership restructuring as partner Ashish Kumar shifts to lead Fundamentum Frontier Advisors, an independent platform dedicated to investing INR 3,000 crore in AI and deeptech startups.