Aadhaar architect Nandan Nilekani and Helion Venture’s Sanjeev Aggarwal have launched an investment fund called Fundamentum with a corpus of $100 million to back startups looking for growth capital.
The corpus may be extended to $200 million if the fund sees more opportunities, the two founders said. The fund, which has so far closed $50 million, will see one-third of the corpus coming from Nilekani and Aggarwal. Fundamentum has already brought on board six entrepreneurs who will also invest in the fund.
Source- The Economic Times