F2A with Rs 3,000 Cr corpus launched by Fundamentum co-founder Ashish Kumar

F2A (Fundamentum Frontier Advisors) is a new frontier-tech investment platform introduced by Ashish Kumar, co-founder of Fundamentum Partnership.

With a target corpus of Rs 2,000 crore, the platform’s new fund, Fundamentum III-AI and DeepTech, has been approved by SEBI. Alongside the fund, F2A will oversee co-investments worth up to Rs 1,000 crore.

F2A intends to fund startups that focus on consumer, business, and physical AI.

As an anchor investor, Nandan Nilekani has joined the platform.

Debraj Banerjee, a former executive at SIDBI Venture Capital, has joined F2A as a General Partner to co-lead the company’s deeptech and AI investment strategy. QpiAI, Digantara, SigTuple, Myelin Foundry, OTPless, DrinkPrime, and Vahdam were among the startups in which Banerjee had previously made investments.

The company claims that F2A will concentrate on stage-agnostic technology startups developing in the deeptech and AI industries.

Alongside the new platform, Ashish Kumar will continue to manage the portfolio of Fundamentum’s previous funds.