Who is Nandan Nilekani, and why is his departure from Fundamentum significant?

Nandan Nilekani is the co-founder of Infosys and a key figure in India’s digital infrastructure, including Aadhaar biometric identification and UPI payment systems. His exit as general partner marks a new phase for Fundamentum, though he remains an investor and mentor.

Which startups does Fundamentum invest in?

Fundamentum focuses on Indian startups at Series B and later stages. Its portfolio includes Spinny (used car marketplace), PharmEasy (online pharmacy), Kuku FM (audio content), and Sri Mandir (app development).

What are the plans for Fundamentum’s new fund?

The third fund aims to raise $200M to invest in 8–10 startups developing AI, fintech, and consumer tech solutions. Initial checks will total around $10.5M.

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Infosys Co-Founder Nandan Nilekani Steps Down as Fundamentum General Partner

July 9, 2026

Photo: TechCrunch

Quick answer

Infosys co-founder Nandan Nilekani steps down as general partner of Fundamentum but remains an anchor investor and mentor.

Infosys co-founder Nandan Nilekani is stepping down as general partner of the venture fund Fundamentum Partnership, coinciding with the launch of its third fund targeting $200 million. Nilekani will remain an anchor investor and continue advising the team and portfolio startups.

According to co-founder Sanjeev Aggarwal, Nilekani’s transition is a formal role change. He will retain significant influence over the fund’s strategic direction and actively mentor startup founders. Aggarwal emphasized that Nilekani remains integral to Fundamentum, particularly in supporting invested teams.

Founded in 2017 by Nilekani and Aggarwal (formerly of Helion Venture Partners), Fundamentum specializes in investments in Indian startups at Series B and later stages. Its portfolio includes Spinny (used car platform), PharmEasy (online pharmacy), and Kuku FM (audio service).

Fundamentum’s third fund plans to invest in 8–10 startups developing solutions in AI, fintech, and consumer technology. Initial investments will total around $10.5 million, with fundraising expected to close within 12–18 months. Half of the capital will come from international investors, while the remainder will be sourced from Indian institutions, family offices, and startup founders.

Common questions

Who is Nandan Nilekani, and why is his departure from Fundamentum significant?: Nandan Nilekani is the co-founder of Infosys and a key figure in India’s digital infrastructure, including Aadhaar biometric identification and UPI payment systems. His exit as general partner marks a new phase for Fundamentum, though he remains an investor and mentor.
Which startups does Fundamentum invest in?: Fundamentum focuses on Indian startups at Series B and later stages. Its portfolio includes Spinny (used car marketplace), PharmEasy (online pharmacy), Kuku FM (audio content), and Sri Mandir (app development).
What are the plans for Fundamentum’s new fund?: The third fund aims to raise $200M to invest in 8–10 startups developing AI, fintech, and consumer tech solutions. Initial checks will total around $10.5M.

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