Mumbai: Former Infosys CEO Nandan Nilekani has partnered with venture capital veteran Sanjeev Aggarwal to launch a new scale up platform, ‘The Fundamentum Partnership’, with an initial corpus of $100 million. Fundamentum, a platform created for entrepreneurs by entrepreneurs, will extend its corpus to $ 200 million if good opportunities come along, it said in a statement here. At Fundamentum, we are committed to building companies to last, with speed and at scale,” Nilekani said in a statement. Aggarwal and Nilekani said they will not be charging management fee or carried interest on the fund. Going forward, Nilekani will not do any more direct start-up investments and Fundamentum will be the sole platform for engaging with the start-up world.

Source: Mint July 03, 2017 12:00 UTC