Nandan Nilekani, co-founder of Infosys and Sanjeev Aggarwal, co-founder of Helion Venture Partners has joined hands to set up $100 Million (₹655 Crores) venture capital fund to support startups, a business daily reported last Friday.
Referencing anonymous sources, the Economic Times said that the venture capital fund will primarily hold private capital input by the tech-business titans and also a combination of pooled funds from family and friends. Reports also said that the 30-40% of the initial corpus of $100 Mn will be pooled by the duo.
Nandan Nilekani has been an active investor for startups. While he puts $1-$2 million in each startup he chooses, the prime sectors attracting him are aerospace, telecom, publishing, finance, and logistics. This can be concluded from his existing portfolio consisting companies like Team Indus, Mubble, Juggernaut, LetsVenture, and Fortigo. He also has been in flames for contributing a major position in architecting Government’s Aadhar project.
While Sanjeev Aggarwal handles a booming corpus of over $600 million at Helion Venture Partners, a venture capital firm active in the Technology, Education, Financial Services & Healthcare space. The same holds a strong and impressive portfolio of investments, some of which are MakeMyTrip, BigBasket, Shopclues, and more.
Five months ago, Nilekani and Helion had invested in Noida-based Stelling Technologies Pvt. Ltd, which runs RailYatri.in, a platform that gives railways-related information.
Source – VCCircle