Nandan Nilekani, Helion's Sanjeev Aggarwal launch $100-million fund Fundamentum

Posted on:04 Jul 2017 14:17:36
Nandan Nilekani, Helion's Sanjeev Aggarwal launch $100-million fund Fundamentum
04 July 2017 Current Affairs: Aadhaar architect Nandan Nilekani and Helion Venture’s Sanjeev Aggarwal launched an investment fund called Fundamental with a capital of $100 million to back startups looking for growth capital.

The platform will focus on consumer Internet and software-as-a-service (SAAS) companies and make an investment from $10 million to $25 million in these companies.

The fund, which has so far closed $50 million, will see one-third of the corpus coming from Nilekani and Aggarwal. Fundamental has already brought on board six entrepreneurs who will also invest in the fund. 
Aadhaar architect Nandan Nilekani and Helion Venture’s Sanjeev Aggarwal launched an investment fund called Fundamental with a capital of $100 million to back startups looking for growth capital.

The platform will focus on consumer Internet and software-as-a-service (SAAS) companies and make an investment from $10 million to $25 million in these companies.

The fund, which has so far closed $50 million, will see one-third of the corpus coming from Nilekani and Aggarwal. Fundamental has already brought on board six entrepreneurs who will also invest in the fund. 

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