Nandan Nilekani, co-founder of Indian IT services giant Infosys, will no longer serve as a general partner at Fundamentum Partnership, the venture capital firm he co-founded nearly a decade ago.
Nilekani (pictured above) will be stepping down from his role as Fundamentum launches its third fund, targeting to raise about $200 million. He will be the fund’s anchor investor, and continue advising the firm and mentoring portfolio companies, his co-founder Sanjeev Aggarwal told TechCrunch.