Ashish Kumar
General Partner at The Fundamentum Partnership
New Delhi, Delhi
Overview
Work Experience
Co-Founder and General Partner
2021 - Current
Ashish co-founded Fundamentum Investment Advisors in 2021 with an intention to institutionalize Fundamentum. Fundamentum Investment Advisors LLP is a Partnership between Nandan, Sanjeev, and Ashish, and manages the latest Fundamentum Partnership Fund (Fund 2), where Ashish is the only full-time General Partner. He is also a member of the Investment Committee along with the other General Partners Nandan, and Sanjeev. Ashish spearheaded and was the face of the Fund while it raised $230M+ in its Fund 2 (up from $90M+ in Fund 1) with diverse LP base and has hired new full-time investment team members to deploy the Fund. Ashish is also an investment committee member and looks through all deals and votes on the investment decision before they become portfolio. Fundamentum is one-of-a-kind scale up platform committed to help build enduring technology companies out of India. Fundamentum will lead investment rounds from $10 to $20 Million in companies that have attained the product market fit, have an initial momentum and are looking to scale up.
Partner
2017 - 2021
Ashish started Fund investing as an initial member and Partner at Fundamentum Fund 1. Fundamentum Fund 1 was a one-off Fund sponsored by Nandan Nilekani who had the majority LP capital contribution and had Sanjeev as an individual Fund Manager. Ashish came from experience of running multiple technology companies and his role at Fundamentum was to build an early-growth stage portfolio at Fundamentum, as an only full-time Investment Partner. Fundamentum Fund 1 has invested ~ $90M in 6 companies. Ashish was lead investor in 5 of 6 companies at Series B/C stage and deployed across 1-2 rounds in each company. The companies are in Vertical Commerce, SaaS and Gaming industry. Ashish has an inclination to back companies in the entry valuation range of $50m-$200m and which have propensity and desire to be market leaders in their spaces. 4 of his Portfolio companies PharmEasy, Spinny, FarEye, and Probo are the category creators and market leaders in their industries, whereas one company Travel Triangle has struggled. Spinny and PharmEasy are valued in excess of $1B.
Investor and Board Member
2025
Ashish led Fundamentum’s investment in GenieMode when GenieMode raised $50m. Fundamentum co-led the round along with Multiples, Paramark and InfoEdge Ventures. GenieMode is India’s largest apparel supply chain company with global demand and supply partnerships. The company runs a high growth profitable business.
Investor and Board Member
2024
Digital platform to enable 1 billion Indians access Devotion and Spirituality services. Ashish led Fundamentum’s investment in AppsForBharat with a $18M+ investment Series B round.
Investor and Board Member
2024
Enabling Creator driven Commerce. Ashish led investments in Wishlink when it raised $7M+ Series A
Investor
2022
Kuku is an audio OTT platform with India focus and global demand. Ashish sourced and led Kuku FM’s Series B round with $10m investment from Fundamentum. Ashish passed on the portfolio management of Kuku to another member at Fundamentum after the initial investment to balance the portfolio allocation at Fundamentum. Fundamentum co-led Series C along with IFC later where Fundamentum invested another $10m.
Investor
2022
India’s #1 Opinion Trading platform Ashish led with a $10M investment round in Probo for Fundamentum.
Investor
2021
India’s #1 ePharmacy and HealthTech platform Ashish from Fundamentum led the $50M PharmEasy round when it was valued less than $100M, along with another investor who contributed similar amount. PharmEasy subsequently raised few hundred million dollars and Ashish participated in more of those rounds.
Investor and Board Member
2018 - 2021
With first investment in PharmEasy in 2018/19, Ashish became a Board Member as a lead investor on behalf of Fundamentum.
Investor and Board Member
2020
Global Last mile SaaS company Ashish led the investment in the company when it raised $40M+ in an investment round. Fareye raised $100M of additional capital in subsequent round and Ashish participated in those rounds.
FarEye is a low-code, Intelligent Delivery Management Platform designed for a better delivery experience for everyone.
Raised $151,163,000.00 from TCV, M12 - Microsoft's Venture Fund, Eight Roads Ventures India, Honeywell Ventures, Dragoneer Investment Group and Fundamentum.
Investor and Board Member
2020
India’s #1 pre-owned / used car transaction platform Ashish led the Series B when Fundamentum was the lead investor in Spinny as it raised $43M+. Spinny has subsequently raised $250M+ of capital and Ashish has invested in multiple of these investment rounds.
Investor
2013 - 2018
Indian Angel Network is India’s first & largest business angel group which brings together highly successful entrepreneurs and CEOs from India and around the world who are interested in investing in startup / early stage ventures which have the potential of creating disproportionate value