Ashish Kumar, co-founder of Fundamentum Partnership, has launched a new frontier-tech investment platform called F2A (Fundamentum Frontier Advisors). The platform has secured SEBI approval for its new fund, Fundamentum III – AI and DeepTech, with a target corpus of Rs 2,000 crore. F2A will also manage up to Rs 1,000 crore in co-investments, taking the total deployment potential to Rs 3,000 crore.
Focus on AI, deeptech, and frontier innovation
F2A plans to invest in startups across consumer AI, enterprise AI, and physical AI, with a stage-agnostic approach toward high-potential technology companies. The platform aims to back founders building next-generation infrastructure and applications in emerging deeptech sectors.
Nandan Nilekani joins as anchor investor
A major highlight of the launch is the participation of Nandan Nilekani as an anchor investor, adding strategic credibility to the platform’s long-term AI and technology vision.
Leadership strengthened with deeptech investing expertise
Former SIDBI Venture Capital executive Debraj Banerjee has joined F2A as General Partner to co-lead its AI and deeptech investment strategy. Banerjee has previously invested in startups such as QpiAI, Digantara, SigTuple, Myelin Foundry, OTPless, DrinkPrime, and Vahdam.
Expansion beyond Fundamentum’s original investment thesis
While launching F2A, Ashish Kumar will continue overseeing the existing portfolio of Fundamentum’s earlier funds. The new platform marks a dedicated push into India’s rapidly expanding AI and deeptech ecosystem.