The second fund of Indian venture capital Fundamentum completed the fundraising of 227 million US dollars and will focus on areas such as Web3 and electric vehicles

[Indian VC Fundamentum's second fund raised US$227 million and will focus on Web3 and electric vehicles] Jinse Finance reported that Indian VC Fundamentum announced that its second fund has completed US$227 million in fundraising, of which 25 % of the funds come from the Fundamentum team. The venture capital disclosed in May this year that this fund will focus on investment in areas such as Web3 and electric vehicles. It is reported that the fund will select 4-5 start-up companies for seed round investment every year. , the estimated investment scale will be between 25-40 million US dollars. Fundamentum’s first fund raised US$100 million and was launched by Nandan Nilekani and Sanjeev Aggarwal in 2017. Sanjeev Aggarwal, who is currently the co-founder and general partner of the venture capital, revealed that thanks to the success of the first fund, They intend to further deepen the investment plan. (recently heard)

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