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

Fundamentum Frontier Advisors (F2A), a venture capital firm co-founded by Ashish Kumar, has successfully closed its first growth-stage AI and deeptech fund at ₹3,000 Cr, marking it as India's largest fund in the sector. The fund, which has attracted capital from both domestic and overseas investors, has plans to double its size to ₹3,500 Cr based on investor demand exceeding the current capacity.

Over the next 2-3 years, the fund intends to deploy the corpus into 12-15 companies, investing amounts ranging from ₹100-200 Cr per company. F2A's general partners, Debraj Banerjee, Ashish Kumar, and Vivek Singla, believe that the right capital at the right time can help India-located deeptech companies become global category leaders.

The fund's focus encompasses three key sectors: consumer business leveraging AI and frontier technologies, enterprise software, deeptech infrastructure, and engineered systems. F2A targets India-domiciled companies that generate revenue both domestically and internationally. Despite the shared involvement of team members from Fundamentum Partnership, F2A remains a separate legal entity.

Notably, Fundamentum has recently launched its own new fund with a target corpus of ₹2,200 Cr. The deeptech sector has witnessed a surge in investments, with funding nearly tripling to $290 Mn across 28 deals in Q3 2026 compared to $105 Mn in the previous year.