India-based Fundamental VC launches $130 million for early-stage startups

Oluwajuwonlo Afolabi -

Fundamental VC, a venture capital firm based in India has launched a $130 million fund to support early-stage startups in India.

  • The fund is earmarked for investment in healthcare, consumer internet, financial services, AI, software-as-a-service (SaaS), and gaming startups among others.
  • It has been approved by the Securities and Exchange Board of India.
  • With an average of $1.5 million designated for each startup, the fund will be deployed to 30 startups in two years, into their pre-seed and seed rounds, the firm claims.