The Fundamentum Partnership

Prateek Jain, Principal at Fundamentum, sees a pivotal moment for mid to growth-stage investing in India. As Prateek puts it “This is a great time to back companies that have proven product-market fit and are now focused on scaling sustainably.” At Fundamentum, we strongly believe in investing in high-conviction sectors like consumer internet, B2B and Fintech. Our recent investments in Kuku FM, Wishlink, ProcMart, AppsForBharat and FlexiLoans are a testament to that. As India’s digital landscape evolves, there’s immense potential for companies that can build scalable, tech-driven solutions that are uniquely Indian. Read more: https://lnkd.in/gF7yFtVW #scaleupjourney #midStage #SustainableGrowth #IndianStartups #VC #TechForIndia #techforbharat

We are thrilled to announce our first investment in the fintech sector with FlexiLoans, a company that is driving change in how MSMEs access finance. As India’s economy continues to evolve with the widespread adoption of UPI, India Stack, and the account aggregator framework, the landscape for assessing creditworthiness has been transformed. Flexiloans is at the forefront of this shift, addressing the critical need for unsecured term loans and supply chain financing for MSMEs. Mayank Kachhwaha, Principal at Fundamentum, who joins the board of Flexiloans said “Flexiloans is well-positioned to harness the power of new technologies and government support to solve real challenges MSMEs face when accessing formal credit. Their deep market understanding, strong execution, high-quality team, and focus on profitable growth gives them the edge to lead this category." At Fundamentum, we are thrilled to join hands with Flexiloans and our co-investors—Accion, Nuveen, a TIAA company and Maj Invest—to empower MSMEs and drive sustainable growth across India. #fintech #MSME #IndiaStack #economicgrowth #Flexiloans #FundamentumPartnership https://lnkd.in/g_p_W-v8 Deepak Jain | Ritesh Jain | Manish Lunia | #NandanNilekani | Sanjeev Aggarwal | Ashish Kumar | Vedika Agarwal | Sanjay Chaturvedi | Ishan Arora | Loveleen Malhotra

We are excited to announce our investment in AppsForBharat, a platform that is transforming how millions of Indians and the global diaspora engage with devotional practices. AppsForBharat is offering a trusted, comprehensive digital platform that connects devotees with temples and spiritual services, bringing convenience and accessibility to an underserved sector. AppsForBharat is not only tapping into a $50 billion industry that has been largely untouched by technology but is also well-positioned to lead the digital adoption in this space, expanding access to devotional services for both younger and older generations alike. Ashish Kumar, Co-founder & General Partner at Fundamentum, will be joining the board of AppsForBharat. "At Fundamentum, our investment strategy focuses on backing visionary founders solving critical, scalable challenges in the Indian market. Prashant Sachan and the team have built a world-class, uniquely Indian product that provides a comprehensive digital experience for devotees, seamlessly blending tradition with innovation. With widespread adoption across both younger and older generations, we see long-term scalability in India and emerging global use cases. AppsForBharat’s approach to bringing access and convenience to the devotional sector represents a compelling opportunity, and we are proud to partner with them in their scale-up journey.” said Ashish With 15% of the devotional sector expected to digitize in the coming years, we believe AppsForBharat is well-positioned to capture a significant share of this rapidly expanding market. We are excited to support their growth as they continue to deliver meaningful experiences to millions of devotees. https://lnkd.in/gw8JuNSJ #Investment #ConsumerInternet #AppsForBharat #Fundamentum #DigitalTransformation #Devotion #ScaleUpJourney #devotiontech Sanjeev Aggarwal | #NandanNilekani | Sanjay Chaturvedi | Ishan Arora| | Aastha Vij | Loveleen Malhotra | The Fundamentum Partnership| Susquehanna Asia Venture Capital | Peak XV Partners | Elevation Capital | Mirae Asset Venture Investments (India)

Indian tech startup ecosystem is moving towards a brand new era. From value-led growth to bottom-line growth! Technology startups in the last 24 months have demonstrated incredible execution capabilities and have focused on sustainable expansion. This pivot in growth outlook has given the ecosystem the impetus to attract public market investors. It comes as no super surprise that the ratio of startups IPO to all IPOs has risen in the last 12 months, and this is only going to go higher. The market is at the cusp of seeing 100+ tech IPOs in the next decade giving private investors early liquidity option and for public market investors an early access to startups with a potential of becoming multi-billion dollar enterprises. Read more: Opinion piece by Ashish Kumar, Cofounder and GP, Fundamentum Turn to Page 60 - 61 https://lnkd.in/e_ptYUqW

Prateek Jain, Principal at Fundamentum recently sat down with ET Now Startup Central to talk about our latest investment in ProcMart and Fundamentum's investment philosophy. Prateek shares his views on why ProcMart was the right candidate for Fundamentum and speaks in detail about fund's vision of supporting startups in their scale-up journey. Watch full the interview. 👇

Ashish Kumar, Co-Founder and General Partner at Fundamentum was recently part of Confederation of Indian Industry (CII)'s Unicorn Summit held in Delhi. The summit recognized and applauded the remarkable achievements of Indian Unicorns, particularly their noteworthy contributions to job creation and economic growth. Showcasing their contributions, the summit emphasized the importance of nurturing an environment that supports and accelerates the growth of these high potential companies, thereby enhancing the nation's standing in the global business landscape. The event also saw the launch of Unicorn 2.0 report highlighting how emerging startups are powering 9 sunrise sectors of India such as Manufacturing, IT & Digital Services, Healthcare, Agriculture, Media & Communications, Financial Services, Skills & Education, Tourism, and Retail & E-commerce. At the forum, Ashish discussed the traits that VCs seek in entrepreneurs, emphasizing a long-term commitment to building sustainable businesses, disruption through first principles and the ability to retain talented teams. He also shared his views on sunrise sectors like Manufacturing beginning to attract VC investment thanks to the growing realization on homegrown innovation in manufacturing. Read more 👇 https://lnkd.in/guJAkNDZ Amitabh Kant | Rahul Garg | R Dinesh | Sanjeev Bikhchandani |Abhiraj Singh Bhal |  Sanjiv Puri | Sanjiv Singh |  Bipin Preet Singh | Aloke Bajpai

Celebrating a momentous milestone in our journey! ProcMart proudly announces the successful raise of $30 million in Series B Funding, marking a significant leap forward in our mission to redefine B2B procurement and revolutionise supply chain solutions. Heartfelt gratitude to our esteemed new partners The Fundamentum Partnership, Edelweiss Asset Management Limited, and Paramark Ventures for their steadfast support and shared vision along with our existing investors including Sixth Sense Ventures and IndiaMART InterMESH Limited. We extend heartfelt gratitude to DC Advisory for their pivotal role as our financial advisor during the funding process, contributing significantly to our success. With this substantial investment infusion, ProcMart is poised to embark on an exciting phase of growth and innovation. Our strategic roadmap includes a comprehensive expansion of our product offerings, leveraging cutting-edge technology to optimise supply chain operations, and pioneering sustainability initiatives that resonate across industries. Furthermore, this funding empowers us to fortify our presence in key markets across India and Southeast Asia, forging stronger partnerships and delivering unparalleled value to our diverse clientele. As we embark on this transformative journey, we invite you to join us in shaping the future of procurement, setting new benchmarks for excellence, and driving positive change on a global scale. Together, let's chart a course towards a more efficient, transparent, and sustainable procurement ecosystem! #ProcMart #SeriesBFunding ‎ Anish Popli SACHIN JAIN Punit Sharma Ankur Kandoi Raxit Bisht Piyush Tiwari Abhishek Kumar Singh Aman P. Hitesh Lunawat Sanjana Kapoor Anil Ujwal Gyayak Jain Abhishek Tyagi Ishan Das https://lnkd.in/gch9Br4f

We are thrilled to announce our investment in ProcMart. Anish Popli and team have demonstrated a proven record of digitising legacy processes for indirect procurement. They have built a robust digital ecosystem for buyers and sellers, brought in ease of operations, quality assurance and significantly reduced long-tail spends for their Fortune 500 clientele. Today, it deals in 20,000 SKUs and is aggregating and streamlining heterogeneous supply. The founding team’s tenacious focus on fundamentals has enabled them to grow 100% Y-o-Y and profitable over the last 3 years, an absolute rarity in the current Indian startup landscape. We are excited to see what unfolds next for ProcMart. Sanjeev Aggarwal | Prateek Jain | SACHIN JAIN | Sandeep Soni https://lnkd.in/gyGNYk9p

We are elated to see our portfolio company Kuku FM growing from strength and strength and winning accolades. Kuku is truly a made in India product that is breaking barriers and reinventing traditional radio. Their latest win at India Audio Summit & Awards is a testament to that. Congratulations team KuKu FM. #kukufm #madeinindia #audioappforindia #buildingforbharat #oneappmanylanguages #radio #audiobooks #stories

Wishing everyone a vibrant, joyous and safe Holi! May the colors of happiness, and prosperity fill your life with brightness and positivity.