Nandan Nilekani, Sanjeev Aggarwal launch $100 million start-up fund



Former Unique Identification Authority of India chairman and Infosys Ltd co-founder Nandan Nilekani has teamed up with venture capital investor Sanjeev Aggarwal to launch a new $100 million fund called The Fundamentum Partnership for mid-stage consumer technology and software start-ups that could be the next big thing.

The new fund will help fill the gap in funding for relatively mature start-ups. While new tech ventures have found plenty of takers, funding has dried up for these ventures at later stages since the end of 2015.