Nilekani's Fundamentum launches Rs 2,200 crore Fund III for consumer-tech and fintech
Fundamentum Partnership targets Series B startups with Rs 100-150 crore cheques for 10-15% stakes across 8-10 investments. Retail-relevant portfolio spans BigBasket, ApnaMart, Spinny and ProcMart, with the fund citing 26% IRR and 123% portfolio growth as it deploys fresh growth capital.
Nilekani's Fundamentum launches Rs 2,200 crore Fund III targeting Series B consumer-tech and fintech startups, writing Rs 100-150 crore cheques. Portfolio spans retail-relevant names like BigBasket, ApnaMart, Spinny and ProcMart, signaling growth capital for Indian consumer businesses.