Nandan Nilekani steps down as Fundamentum GP as firm launches $200M third fund

Nandan Nilekani, Infosys co-founder, is stepping down as general partner at Fundamentum Partnership, the venture capital firm he co-founded nearly a decade ago. The move coincides with Fundamentum launching its third fund targeting $200 million. Nilekani will remain as the fund's anchor investor and continue advising the firm and mentoring portfolio companies. Co-founder Sanjeev Aggarwal described the change as "just a title thing." The firm is expanding its leadership team and targeting AI and fintech startups in India.