Fundamentum launches Rs 3,000 crore AI, deeptech fund
BENGALURU: Nandan Nilekani-founded venture capital firm Fundamentum has launched its third fund, with a target corpus of Rs 3,000 crore to focus on funding artificial intelligence and deeptech startups.
The fund will be managed by Fundamentum Frontier Advisors (F2A), an investment platform led by Fundamentum cofounder Ashish Kumar. The structure includes Rs 2,000 crore through an India vehicle and up to Rs 1,000 crore through a parallel offshore vehicle. The capital will be deployed into the same set of companies, a structure commonly used by venture funds to pool domestic and overseas capital.
