Fundamental VC, a Bengaluru-based early-stage VC firm, has launched its maiden Fund with a target corpus of $130 Million. The sector-agnostic fund said that it will actively evaluate ventures across spaces such as consumer Internet, healthcare, insurance, financial services, SaaS, gaming, and AI, among others.
The fund will invest up to $1.5 million in each startup and aims to support 30 startups over a period of two years.
Founded by Saswat Sundar and Abhishek Rathi, Fundamental’s maiden Fund is backed by domestic and international Limited Partners comprises unicorn Founders, HNIs, family offices, and senior technology executives from geographies such as Singapore, Middle East, and the US.
Moreover, Fundamental’s general parteners have invested in their individual capacity in over 20 ventures across sectors. Some of their portfolio startups include Agnikul, Kenko, TradeX, BluSmart, StockGro, Dukaan, EloElo, and Redcliffe Lifesciences.