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# Fundamentum VC investing in Indian startups raises $227 million in second fund
- URL: https://www.techloy.com/fundamentum-vc-investing-in-indian-startups-raises-223-million-in-second-fund/
- Published: 2022-08-19T13:49:03.000Z
- Updated: 2022-08-19T13:49:03.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Fundamentum Partnership, Startups in Asia, PharmEasy, Spinny, FarEye, Probo

[Fundamentum Partnership,](https://www.fundamentum.co.in/index.html) a venture capital firm based in India has raised $227 million for its second fund, to continue investing in impact-making startups in India. 

- The fund will be deployed to Series B and C startups across consumer technologies, SaaS, and cleantech among others, the VC claims.
- The funding was raised from local entrepreneurs and the VC's personal investment offices, and it looks on to increase the raise to $250 million.
- Founded in 2017 by Nandan Nikelani and Sanjeev Aggarwal of Helion, Fundametum focuses on investing in tech startups in India.
- The VC raised $100 million in its first fund with which it invested in six startups including PharmEasy which is now a unicorn and Spinny, a platform for selling used cars. It has also invested in FarEye, a delivery startup, and Probo, a trading platform among others.
- It looks to invest four to five times per year with the second fund, committing $10-15 million to leading or co-leading investments in startups.