Jan 2025 – Present · 1 yr 3 mos · India

• 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.

Sep 2024 – Present · 1 yr 7 mos · Bengaluru, Karnataka, India

• 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.

Jan 2024 – Present · 2 yrs 3 mos · Gurugram, Haryana, India

• Enabling Creator driven Commerce.
• Ashish led investments in Wishlink when it raised $7M+ Series A

Jan 2022 – Present · 4 yrs 3 mos · India

• Kuku is a digital content - micro drama and audio OTT being 2 flagship products - platform with India focus. Ashish sourced and led Kuku FM’s Series B round with $10m investment from Fundamentum. Kuku raised $20m+ in Series B from the other $10m coming from friendly venture Funds.
• Ashish referred the board 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.

Jun 2021 – Present · 4 yrs 10 mos · On-site

• 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 $227M 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 a multi-stage investment platform with focus on scale up, and committed to help build enduring technology companies out of India. Fundamentum will lead investment rounds from $5M to $15 Million in companies that have attained the product market fit, have an initial momentum and are looking to scale up.

Jun 2017 – Jun 2021 · 4 yrs · On-site

• Ashish started Fund investing as an initial member and the only Investment Partner at Fundamentum Fund 1. Fundamentum Fund 1 was a one-off Fund sponsored by Nandan Nilekani who had the majority LP capital contribution. Ashish came from experience of running multiple technology companies and his role at Fundamentum was to build an early-growth stage portfolio.
• 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.

Jan 2021 – Present · 5 yrs 3 mos · Mumbai, Maharashtra, India

• 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.

Jan 2018 – Jan 2021 · 3 yrs · Mumbai, Maharashtra, India

• With first investment in PharmEasy in 2018/19, Ashish became a Board Member as a lead investor on behalf of Fundamentum.

Jan 2020 – Present · 6 yrs 3 mos

• 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.

Jan 2020 – Present · 6 yrs 3 mos

• 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.

Oct 2015 – Aug 2016 · 10 mos · Gurgaon

• ClayRop is in the business of building a branded chain of Wellness and Beauty outlets.

Apr 2014 – Mar 2015 · 11 mos · Gurgaon, India

• I acted as Head Technology Advisor / Consultant to few high growth companies in the product eCommerce, online real estate and IT consulting companies, including a few companies I have equity interest in. The activities include setting up of the complete Technology teams, choosing the right technology stack and architecture for the set of products / offerings and generally setting up company for scale / supporting scaling from technology side.

Sep 2013 – Jan 2018 · 4 yrs 4 mos · New Delhi Area, India

• 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

Apr 2011 – Mar 2014 · 2 yrs 11 mos · Gurgaon, India

• Kellton Tech is a Bombay Stock Exchange listed CMMi Level 3 full service global IT services company, with offices / operations in US and India. Kellton Tech is on an aggressive growth path and is actively doing so both organically and inorganically. Ashish’s responsibility is the P&L for India business, including finding new domains to expand to and participate in M&A activities including help find, acquire and integrate other companies from India in Kellton Tech’s fold.

Jan 2007 – Dec 2010 · 3 yrs 11 mos · Gurgaon, India

• Ashish was responsible for conceptualizing the entire USourceIT product roadmap and technology stack along with managing the technology team. Ashish also raised an investment in the company in the form of Series A Investment from an Indian VC fund.

Jan 2007 – Mar 2009 · 2 yrs 2 mos · Gurgaon, India

• Ashish participated in incubating Travel Boutique Online, an online B2B travel portal focused on Indian market, and making enough investments to get it off the ground and then spinning it out of the parent company in a standalone entity. Ashish exited out of the business 2.5 years later profitably, when it became a part of parent company of Ibibo Group, one of the India’s largest Consumer Internet company.

Feb 2005 – Mar 2011 · 6 yrs 1 mo · Gurgaon, India

• Tekriti provides outsourced product development services in the Web 2.0, mobile applications, B2B portals and Consumer Internet applications. Ashish bootstrapped and grew Tekriti to a multi-million dollar revenue company worldwide before it got acquired by Kellton Tech Solutions Ltd. At Tekriti, Ashish also helped incubate couple of product companies and were spun-off successfully in their respective companies with their own management and operations team

Nov 2004 – Jan 2005 · 2 mos · Noida Area, India

• GlobalLogic is a outsourced product development company.

Nov 2001 – Oct 2004 · 2 yrs 11 mos · Greater Seattle Area

• Ashish worked with Microsoft in their Redmond location and attribute much of his success with the processes he learnt there in addition to the knowledge he got by interacting with the smart people he came to know of while at Microsoft.
• At Microsoft, Ashish worked with the Microsoft Windows group and Enterprise Servers suite group and the experience has immensely helped him and the organizations he has worked at.

May 2001 – Sep 2001 · 4 mos

• Designed and Developed large scale systems for Prudential Insurance Company.