Fundamentum Partnership co-founder Ashish Kumar has launched a brand new AI and deeptech-focused funding platform, Fundamentum Frontier Advisors (F2A), with a complete funding capability of round Rs 3,000 crore.

The platform has obtained approval from SEBI for its new fund, Fundamentum III – AI and DeepTech, which has a goal corpus of Rs 2,000 crore. F2A may also oversee as much as Rs 1,000 crore in parallel co-investments alongside the principle fund.

Infosys chairman Nandan Nilekani has joined the platform as an anchor investor.

“We’re seeing a structural shift in how AI and DeepTech are being constructed and adopted throughout sectors,” stated Fundamentum co-founder Ashish Kumar.

“F2A is a continuation of our effort to companion with founders constructing enduring, technology-led companies, with the identical disciplined, long-term method that has outlined Fundamentum,” he stated.

Based in 2017, Fundamentum is a growth-stage funding agency centered on technology-led corporations working in massive and evolving markets. Its portfolio contains startups reminiscent of Spinny, Kuku FM, AppsForBharat, Wishlink, FarEye, Whizzo and GenieMode.

F2A stated it would undertake a stage-agnostic funding technique, backing corporations working in AI and deeptech sectors.

Debraj Banerjee, previously a senior fund supervisor and funding committee member at SIDBI Enterprise Capital, has joined the platform as common companion to co-lead its AI and deeptech technique.

Banerjee has beforehand invested in startups together with QpiAI, Digantara, SigTuple, Myelin Foundry, OTPless, DrinkPrime and Vahdam.

“We’re at an inflection level the place AI and DeepTech are transferring from experimentation to scaled adoption throughout sectors,” Banerjee stated.

“Having seen related adoption cycles in additional mature markets such because the US, throughout industries together with utilities, BFSI, manufacturing and frontier know-how, I imagine India is poised to construct globally related technology-led companies over the subsequent decade,” he stated.