homestartup NewsStartup Steet: Nandan Nilekani backed Fundamentum looks to invest in consumer internet companies
Startup Steet: Nandan Nilekani-backed Fundamentum looks to invest in consumer internet companies
Nandan Nilekani-backed Fundamentum Partnership recently made its third investment in Spinny, a used car platform.
Nandan Nilekani-backed Fundamentum Partnership recently made its third investment in Spinny, a used car platform.
Fundamentum's Ashish Kumar said, "From this fund the idea for us is to invest and build a very concentrated portfolio. So we will likely invest in maybe 7-8 companies from this fund."
The idea is to invest in companies which have attained what it calls as 'the product market fit'.
"So they have got their early product right and they have figured out that there is a market which exists for it and then we typically write anywhere between USD 8-12 million as starting cheque."
He further added, "We are sector agnostic and naturally we have inclination for certain markets which are larger in size, so we will look at typically consumer internet companies which are ready to scale up and we will also look at enterprise companies focusing on markets outside India."
(Watch this video for details)
First Published: Mar 5, 2020 11:05 PM IST
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