Fundamentum launches $200M third fund as Nandan Nilekani steps back from GP role

·5 views

Indian venture capital firm Fundamentum has announced the launch of its $200 million third fund. Co-founder Nandan Nilekani is stepping down from his General Partner role at the firm, though he will continue as its anchor investor. The firm is simultaneously expanding its leadership team to support its next phase of growth. Fundamentum's new fund will focus on backing artificial intelligence and fintech startups in India.

Read the full story at TechCrunch

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

UK Ad Watchdog Flags Fake Portable Air Conditioner Claims as Misleading

The UK's Advertising Standards Authority (ASA) has ruled against adverts promoting small portable devices that claimed to cool rooms within 90 seconds. The regulator found these claims to be false and misleading, as the compact gadgets lack the technical capability to cool an entire room rapidly. These products had been widely promoted online, gaining significant traction across internet platforms and social media. The ASA's action is part of broader efforts to protect consumers from deceptive advertising, particularly for products that exploit demand during warm weather.

0 comments Read more at BBC Tech

TechnologyNYT Technology ·

OpenAI's Second-in-Command Fidji Simo Resigns, Will Stay as Part-Time Adviser

Fidji Simo, one of OpenAI's most senior executives, has stepped down from her full-time role at the company. She had served as Sam Altman's second in command before taking a medical leave in April. Following her departure, Simo will transition to a part-time advisory capacity at OpenAI. Her exit marks a notable leadership change at one of the world's most prominent artificial intelligence companies.

0 comments Read more at NYT Technology

TechnologyTechCrunch ·

OpenAI's GPT 5.6 Named Preferred Model for Microsoft Copilot

OpenAI has designated its latest GPT 5.6 as the preferred model for Microsoft Copilot, the tech giant's productivity and workplace assistant suite. The announcement comes amid ongoing speculation about a potential rift between the two companies. OpenAI confirmed that its new family of models will continue to underpin Microsoft's range of productivity applications. The move signals that the partnership between OpenAI and Microsoft remains intact despite breakup rumors circulating in the industry.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

Two new ETFs launched to help investors avoid Elon Musk-linked companies

Two newly launched exchange-traded funds (ETFs) are designed specifically to exclude companies founded, controlled, or led by Elon Musk. The funds screen out major Musk-associated firms, including Tesla and SpaceX. The ETFs offer an option for investors who wish to avoid exposure to Musk's business empire for personal or ethical reasons. This development reflects growing investor demand for values-based and targeted exclusion investment products.

0 comments Read more at TechCrunch