Fundamentum to sharpen fintech bets with third fund

The VC's move is driven by India’s digital public infrastructure and financial inclusion gaps

- Rwit Ghosh [e-mail]

The Nandan Nilekani-led venture capital firm sees India's fintech opportunity as wide open, with digital infrastructure in place and ample scope for new consumer and MSME-focused offerings.

(AFP)

Infosys co-founder Nandan Nilekani’s venture firm Fundamentum is preparing to sharpen its fintech bets in its upcoming third fund, banking on India’s digital public infrastructure and a widening financial inclusion gap to drive the next wave of growth, said a top company executive.

“India’s digital public infrastructure is set up and ready, ecosystem is ready, and the market is still completely wide open from a financial inclusion point of view,” Mayank Kachhwaha, who leads fintech investments at the firm, said.