Fundamentum Partnership was launched in 2017 by Infosys founder Nandan Nilekani and Helion Ventures founder Sanjeev Aggarwal. Photo: Hemant Mishra/MintBengaluru: Mid-stage venture capital fund Fundamentum Partnership, which was launched last year by Infosys co-founder and chairman Nandan Nilekani and Helion Ventures founder Sanjeev Aggarwal, has raised $20 million from Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ). I expect this long-term partnership to deliver tremendous value to the technology entrepreneurship ecosystem in the country,” Nilekani said in a statement. Fundamentum said that CDPQ would also explore direct investments in the former’s portfolio ventures, aside from the latest $20 million strategic investment. We view this as the beginning of a long-term partnership leading to subsequent rounds of investment,” said Michael Sabia, president and CEO, CDPQ.

Source: Mint March 29, 2018 23:48 UTC