What stage does The Fundamentum Partnership invest at?

The Fundamentum Partnership invests at the Series B and Growth stages, typically writing cheques of ~₹100–150 Cr per company.

What sectors does The Fundamentum Partnership invest in?

The Fundamentum Partnership focuses on Consumer tech, Fintech, AI and Deeptech.

Which companies has The Fundamentum Partnership invested in?

Notable investments include Spinny, PharmEasy, FarEye, Ayu Health, Probo, ProcMart, Stable Money and KuKu FM. See the full list on this page.

Where is The Fundamentum Partnership based?

The Fundamentum Partnership is headquartered in Bengaluru.

Does The Fundamentum Partnership invest in women founders?

The Fundamentum Partnership is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.

Growth equity · Series B–Growth · Bengaluru

The Fundamentum Partnership

Verified by Women Can Startup

Visit website ↗LinkedIn ↗

Snapshot

Firm type: Growth equity
Founded: 2017
Headquarters: Bengaluru
Fund / AUM: Fund II $227M (2022); Fund I $100M (2017); Fund III ₹2,200 Cr target (2026)
Typical cheque: ~₹100–150 Cr per company
Geographies: India
Leads rounds: Yes
Last updated: 23 July 2026

About The Fundamentum Partnership

A concentrated growth-stage fund that backs a small number of Indian companies which already have product-market fit and early momentum, then helps them scale. Co-founded by Nandan Nilekani and Sanjeev Aggarwal on the belief that fewer, deeper bets build larger businesses.

The Fundamentum Partnership is a growth equity based in Bengaluru, founded in 2017, investing in India. It backs companies at the Series B and Growth stages, with a focus on Consumer tech, Fintech, AI and Deeptech. Typical cheques run ~₹100–150 Cr per company. It usually leads the rounds it joins.

On fund size, the firm reports Fund II $227M (2022); Fund I $100M (2017); Fund III ₹2,200 Cr target (2026). Its portfolio includes Spinny, PharmEasy, FarEye, Ayu Health, Probo and ProcMart.

Investment focus

Stages

Series B Growth

Sectors

Consumer tech Fintech AI Deeptech

Notable investments

8 of The Fundamentum Partnership’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.

Fintech

Probo

Stable Money

Used-car marketplace

Spinny

Unicorn

Digital healthcare

PharmEasy

Unicorn

Logistics SaaS

FarEye

Healthcare

Ayu Health

B2B procurement

ProcMart

Audio content

KuKu FM

How to pitch The Fundamentum Partnership

Practical pointers drawn from what The Fundamentum Partnership says it backs. Always confirm the current focus and process with the firm before you reach out.

They invest at Series B and Growth. Approach them when your company is with proven revenue and a plan to scale, through to companies already scaling with strong metrics.
Their focus is Consumer tech, Fintech, AI and Deeptech, so lead with why you fit there.
Cheques are typically ~₹100–150 Cr per company, so size your round and ask accordingly.
The strongest way in is a warm introduction, ideally from a founder they have backed, such as Spinny, PharmEasy and FarEye.
You can find the team and their current focus on their website, linked below.

Partners

Nandan Nilekani

Co-founder & Chairman

Sanjeev Aggarwal

Co-founder & Managing Partner

Prateek Jain

Managing Partner

Mayank Kachhwaha

Managing Partner

Website & links

Website ↗LinkedIn ↗

Frequently asked questions

What stage does The Fundamentum Partnership invest at?: The Fundamentum Partnership invests at the Series B and Growth stages, typically writing cheques of ~₹100–150 Cr per company.
What sectors does The Fundamentum Partnership invest in?: The Fundamentum Partnership focuses on Consumer tech, Fintech, AI and Deeptech.
Which companies has The Fundamentum Partnership invested in?: Notable investments include Spinny, PharmEasy, FarEye, Ayu Health, Probo, ProcMart, Stable Money and KuKu FM. See the full list on this page.
Who are the partners at The Fundamentum Partnership?: Key people include Nandan Nilekani (Co-founder & Chairman), Sanjeev Aggarwal (Co-founder & Managing Partner), Prateek Jain (Managing Partner) and Mayank Kachhwaha (Managing Partner).
Where is The Fundamentum Partnership based?: The Fundamentum Partnership is headquartered in Bengaluru.
Does The Fundamentum Partnership invest in women founders?: The Fundamentum Partnership is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.