Nandan Nilekani, Helion's Sanjeev Aggarwal launch $100-million fund Fundamentum
Posted on:04 Jul 2017 14:17:36
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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.
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