Fundamentum launches Rs 2,200 Cr Fund III to back Series B consumer-tech and commerce startups
Nandan Nilekani-anchored Fundamentum has launched its third fund with a Rs 2,200 crore target corpus and Rs 400 crore greenshoe, writing Rs 100-150 crore cheques into $15M-$40M Series B rounds. It targets consumer tech, digital commerce, fintech and AI, building on portfolio names like Spinny, Apna Mart and AppsForBharat.
Fundamentum launched its Rs 2,200 crore Fund III, anchored by Nandan Nilekani, targeting Series B investments in Indian consumer tech, digital commerce, fintech and AI startups, backing scale-stage brands like Spinny, Apna Mart and AppsForBharat.
Why this matters
Fund III builds on Fundamentum's existing bets like Spinny, Apna Mart and AppsForBharat, doubling down on Series B consumer-tech and commerce as its focus deepens.
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