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Ashish Kumar, co-founder of Fundamentum Partnership, has launched a new frontier-tech investment platform, Fundamentum Frontier Advisors (F2A), marking a deeper push into AI and deeptech investing.
The platform has received approval from the Securities and Exchange Board of India (SEBI) for its new fund, Fundamentum III - AI and DeepTech with a target corpus of INR 2,000 crore. In addition, F2A plans to deploy up to INR 1,000 crore through co-investments alongside the fund.
F2A will back startups across consumer, enterprise and physical AI, with a stage-agnostic approach. The firm aims to invest in companies building core technologies within emerging sectors.
Nandan Nilekani has joined as an anchor investor in the platform. Strengthening the leadership team, former SIDBI Venture Capital executive Debraj Banerjee has come on board as General Partner to co-lead the AI and deeptech strategy.
Banerjee brings experience in backing companies such as QpiAI, Digantara, SigTuple, Myelin Foundry, OTPless, DrinkPrime and Vahdam.
Ashish Kumar will continue to oversee Fundamentum’s existing portfolio alongside leading F2A.
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