India, July 9 -- Fundamentum Partnership, a VC firm that focuses on growth stage investments, has announced the launch of its third fund. The firm is targeting a corpus of Rs.2,200 Cr for the fund. This also includes a Rs.400 Cr greenshoe option.

The firm, which was launched by Infosys' Nandan Nilekani and Helion Ventures' Sanjeev Aggarwal in 2017, will continue to back startups at the Series B stage with the fund.

However, cofounder Nilekani has stepped aside from his general partner (GP) role. In a statement, Fundamentum said that Nilekani has instead anchored the fund, placing his largest investment in any VC firm till date.

The fund will be led by four General Partners: cofounder Sanjeev Aggarwal, CFO Sanjay Chaturvedi, GPs Prateek...