117: Why Resilience Pays Off in India & The Truth About Starting Up in India | Ashish of Fundamentum

05/02/2025 1h 18min

Listen "117: Why Resilience Pays Off in India & The Truth About Starting Up in India | Ashish of Fundamentum"

Episode Synopsis

Ashish Kumar is a co-founder and General Partner at Fundamentum Partnership, an early growth-stage fund launched in 2017 with Nandan Nilekani and Sanjeev Aggarwal. Fundamentum backs tech-driven startups with product-market fit, leading or co-leading $25M-$40M rounds. Its second fund closed in 2022 at $227M, with a portfolio including unicorns like Pharmeasy and Spinny. Collectively, its companies have raised over $1B in follow-on funding.

00:00 - Top moments
01:29 - Intro
03:20 - Key influences during Ashish's early years.
06:26 - Ashish's hometown and educational background.
08:38 - Ashish's journey from moving to the US to working at Microsoft.
11:16 - Ashish's self-discovery through professional experiences.
14:33 - Ashish's reasons for returning to India and initial experiences.
17:36 - Ashish's returning companionand starting the first business.
19:31 - Explanation of a trade fair.
23:32 - Origin and story behind TBO.com.
28:24 - Ashish's interest in venture capital and journey with Fundamentum.
35:25 - Overview of Fundamentum’s role and operations.
40:00 - Investment examples and insights into fund operations.
44:03 - Growth investing reaching critical mass and need for local understanding.
48:10 - Blurring lines between private equity and venture capital and its impact on non-linear bets in India.
54:11 - Explanation of "outlier" business models.
01:03:23 - Ashish's advice for those abroad considering opportunities in India.
01:10:02 - Ashish's daily routine and work-life structure.
01:12:18 - Ashish's personal obsessions outside of professional life.
01:15:26 - Ashish's strategies for achieving highest potential.


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