Why Nandan Nilekani’s Fundamentum Partnership believes in ‘fewer bets’
The Indian startup ecosystem continues to witness venture capital (VC) firms investing into startups at a rapid pace, but Fundamentum Partnership — a fund co-founded by Nandan Nilekani and Sanjeev Aggarwal — strongly follows the philosophy that concentration on a few with high conviction will always work better.
The success of this approach is clearly visible in Fundamentum’s portfolio; the fund has made six investments over the last four years. Two of these startups — PharmEasy and Spinny — are in the unicorn club.
“We want to build businesses, which become very large, and invest in that one company that can grow to that size,” says Ashish Kumar, General Partner, Fundamentum Partnership, in a conversation with YourStory.
Established in 2017 as a $100 million fund, Fundamentum invests in startups at Series B or C stage where it leads rounds of $10 million to $25 million in value. Read on to understand Fundamentum’s two core tenets while investing in startups.
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Before you go, stay inspired with…
Aman Gupta, Co-founder and CMO, boAt
“The national animal of the country is no longer a tiger, it's a unicorn! Everybody wants to be one.”