Fundamentum Launches Tech Investment Platform

New Delhi, May 26 (PTI) Nandan Nilekani's VC firm Fundamentum Partnership on Tuesday announced the launch of a dedicated frontier-tech investment platform, F2A (Fundamentum Frontier Advisors), with an initial corpus of Rs 3,000 crore to back artificial intelligence and deeptech companies in India.

The platform's maiden Sebi-approved fund - Fundamentum III-AI and DeepTech - has a target corpus of Rs 2,000 crore. Additionally, F2A will oversee up to Rs 1,000 crore in parallel co-investments, according to a company statement.

Through both the fund and co-investment structures, F2A will focus on stage-agnostic, technology-led businesses, specifically targeting companies building at the forefront of consumer, enterprise, and physical AI.

Nilekani, who is backing the new platform as its anchor investor, said technology-led innovation continues to create new opportunities across sectors.


"Platforms combining long-term thinking with strong execution capabilities can play an important role in supporting this evolution," Nilekani said.

Founded in 2017, Fundamentum is a growth-stage investment firm. It has backed firms such as PharmEasy, Spinny, KukuFM, Wishlink and Olyv.

Fundamentum co-founder Ashish Kumar said F2A looks to pursue 4-5 investments with an average ticket size of USD 10 million in the next 6-9 months.

"We are seeing a structural shift in how AI and deeptech are being built and adopted across sectors. F2A is a continuation of our effort to partner with founders building enduring, technology-led businesses, with the same disciplined, long-term approach that has defined Fundamentum," Kumar noted.

"India today has the right combination of talent, ambition, policy and capital, and this is the moment to dedicate institutional focus to companies building at the frontier," he added.