Fundamentum Frontier Advisors Marks First Close Of ₹3,000 Cr Deeptech Focused Fund

What happened

Additionally, F2A said its LPs have approved plans to increase the size of the fund to ₹3,500 Cr, given the investor demand beyond the current capacity. The fund has raised capital from both domestic and overseas investors and will divide the funds across two vehicles.

It plans to deploy the corpus into 12-15 companies over the next 2-3 years, writing cheques in the range of ₹100-200 Cr each. Ex-Fundamentum’s cofounder Ashish Kumar’s VC firm Fundamentum Frontier Advisors (F2A) has marked the first close of its growth-stage AI and deeptech fund at ₹3,000 Cr, India’s largest fund in the sector.

It claims to be in the advanced stages of closing three investments within the upcoming quarter. F2A was founded by Fundamentum Partnership partner and cofounder Ashish Kumar earlier this year .