Nandan Nilekani-backed Fundamentum has closed Rs 3,000 crore for its third fund and raised its fundraising cap to Rs 3,500 crore amid strong demand. Managed by Fundamentum Frontier Advisors and led by co-founder Ashish Kumar, the fund plans larger investments in Indian AI and deep-tech startups, with about 70% capital from Indian investors and 30% from overseas.
