TCS Q1 profit rises 4.6%; Nilekani's Fundamentum launches Fund III

Short summary

TCS reported Q1 net profit of Rs 13,349 crore with 13.9% revenue growth to Rs 72,275 crore, reflecting steady IT services demand. Fundamentum, backed by Infosys co-founder Nandan Nilekali, launched Fund III targeting Rs 100–150 crore per growth-stage startup investment. The announcement signals diverging momentum: established tech firms capitalizing on global adoption, while venture capital targets emerging opportunities.

• •TCS Q1: Rs 13,349 crore net profit, 13.9% revenue growth to Rs 72,275 crore
• •Fundamentum Fund III announced with Rs 100–150 crore per startup deployment mandate
• •India-focused venture capital activity reflects strong startup ecosystem momentum

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