Nilekani and Aggarwal set up ‘Fundamentum’

Startups to get support from Fundamentum

Nandan Nilekani mentioned that he would stop investing personally in startups beyond 12 he has already invested in and will invest further through Fundamentum only. The fund, however shall not invest in financial or education technology. To quote him further, “I have been doing investments for the past few years, and I have understood the ecosystem. The one thing I realised is that the real challenge is in scaling up. Fundamentum will offer more than just capital and provide a 360-degree approach from our team of advisors.” Nilekani has been a prominent face in investing and has invested into ShopX, TeamIndus, RailYatri, LetsVeture, Sedamac and Power2SME.

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