The Fundamentum Partnership

The Fundamentum Partnership is a growth-stage venture fund based in Gurugram, Haryana. It was co-founded in 2017 by Nandan Nilekani, a co-founder of Infosys, and Sanjeev Aggarwal, who run it together as its General Partners. The firm describes itself as a scale-up fund, set up to help technology entrepreneurs build enduring companies.

What it is

Fundamentum is an investor, not an incubator or an accelerator. It does not run cohorts, programmes or an open application process, and there is no intake for founders at the idea or prototype stage. The firm invests its own capital through its funds, and a founder works with it through an investment conversation rather than by applying to a programme.

Who it is for

Fundamentum states that it comes in after a company has established product-market fit, and that founders should think of it as Series B or Series C capital. That places it at the growth stage, well after the early incubation and acceleration support that younger companies look for. It is therefore relevant to founders who already have a working product and traction and are raising a growth round, rather than to first-time or pre-revenue teams.

How it is set up

The firm invests through funds registered with the Securities and Exchange Board of India as Category I Alternative Investment Funds. Its first fund was registered in 2017 and a second fund followed in 2022. These registrations are a matter of record on the firm's own disclosures, and they describe how the fund is structured and regulated rather than any support a founder applies for.

Who runs it

Nandan Nilekani and Sanjeev Aggarwal co-founded the firm in 2017 and are its General Partners. Nilekani is a co-founder of Infosys, and the firm presents the fund as a way of passing on his experience of building companies at scale.

Where it is

The firm's registered office is at Vatika Towers, Tower B, 10th Floor, Sector 54, Gurugram 122002, Haryana. General enquiries are listed at contact@fundamentum.co.in.