The Fundamentum Partnership

Sanjeev Aggarwal serves as Managing Partner and runs day-to-day investment decisions alongside Partner Ashish Kumar. Nandan Nilekani, as co-founder and anchor LP, is involved in strategic direction and final investment committee approvals. The investment committee is deliberately small, given the concentrated portfolio strategy.

The firm sources heavily through Nandan Nilekani's network, which spans the Indian technology ecosystem, government digital-infrastructure initiatives, and the broader Infosys diaspora. Sanjeev Aggarwal's tenure at Helion Venture Partners also provides early-stage relationships that mature into growth-stage opportunities. The firm emphasizes that founders approach them seeking a domestic, patient-capital partner rather than a foreign fund with exit-pressure timelines.

The firm targets Series C and Series D growth-stage rounds, writing equity cheques of $10 million to $20 million. Fundamentum does not invest at seed or Series A, instead focusing on companies that have proven unit economics and require capital to scale operations, expand geographically within India, or hold off on an IPO while building market share.