Nandan Nilekani Teams up With Sanjeev Aggarwal For $100 Million Fund
Infosys co-founder Nandan Nilekani has partnered venture capital veteran Sanjeev Aggarwal to set up a USD 100 million fund that will focus on building "enduring technology companies" out of India, specially consumer technology.
Called the The Fundamentum Partnership, the platform will lead investment rounds ranging between USD 10-25 million in companies that are looking at scaling up and have attained a certain product market fit.
"In a marked departure from industry practice, Fundamentum founders will not be charging any fund management fee or carried interest," it said in a statement.
Aggarwal who had also founded of BPO firm Daksh will continue to also actively manage the portfolio of Helion Venture Partners (which he co-founded) along with other co- founders.
"Fundamentum w...