Fundamentum rolls out Rs 2,200 crore Fund III to back growth-stage startups
10 Jul 2026, 04:49 PMFund III will invest across sectors, with a strong focus on consumer technology, fintech, and businesses leveraging artificial intelligence.
Share the story on
Growth-stage focused venture capital firm Fundamentum Partnership, which was launched by Infosys veteran Nandan Nilekani and Helion Ventures co-founder Sanjeev Aggarwal, has rolled out its third investment vehicle, Fund III, with a planned corpus of Rs 2,200 crore, including a Rs 400 crore greenshoe option.
Nilekani has come on board as the anchor investor with his biggest commitment to a venture capital fund so far, it said.
The new fund follows Fundamentum’s earlier funds launched in 2017 and 2022 and will continue its strategy of supporting startups that have already established product-market fit and are entering their next phase of growth at the Series B stage.
Fund III will invest across sectors, with a strong focus on consumer technology, fintech, and businesses leveraging artificial intelligence. The firm expects to deploy between Rs 100 crore and Rs 150 crore in each portfolio company.
In consumer tech, the fund will look at opportunities spanning digital commerce, healthcare, education, content, and other emerging categories. Its fintech investments will target segments such as lending, wealth management, savings, insurance, and financial infrastructure. It also plans to back AI-driven startups and companies using AI to transform traditional industries.
The fund will be managed by Aggarwal, Prateek Jain, Mayank Kachhwaha, and CFO Sanjay Chaturvedi. Fundamentum said its second fund has delivered a gross internal rate of return (IRR) of 26%, while companies in its portfolio grew 123% over the past year.
Fundamentum's portfolio includes firms such as Spinny, PharmEasy, AppsForBharat, Wishlink, Stable Money, FlexiLoans, ProcMart, TransBnk, Olyv, and Apna Mart.
Earlier in May, Fundamentum's general partner Ashish Kumar left the venture capital firm to launch an AI-focused venture fund Fundamentum Frontier Advisors (F2A), which also has Nilekani as an anchor investor.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
![Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]](/upload/theheadandtale.com/2026/07/1783425176_4f181680c7_june12.jpg)
