Fundamentum Partnership — a fund co-founded by Infosys co-founder Nandan Nilekani and Helion Ventures founder Sanjeev Aggarwal — has raised $227 million for its second vehicle, which is nearly 2.5 times larger than its first fund.
The firm aims to lead or co-lead $25-40 million Series B and C funding rounds in 4-5 tech-driven startups a year in the consumer internet and enterprise software segment.