F2A Raises 3,000 Crore Rupees for AI and Deeptech Growth Fund
Fundamentum Frontier Advisors (F2A), an artificial intelligence and deeptech platform anchored by Infosys Limited (NSE:INFY) cofounder Nandan Nilekani, has raised 3,000 crore rupees for its growth-stage fund. The firm also secured approval from limited partners to exercise a green shoe option of 500 crore rupees, with a final close anticipated by the end of October. Shares of Infosys Limited traded up 1.17% at 1,075 INR following the broader market context.
The fund targets 12 to 15 growth-stage investments over the next two to three years, offering initial check sizes between 100 crore and 150 crore rupees, expanding up to 200 crore rupees. It plans to back four to five companies annually across automation, robotics, advanced materials, and defence technology. Capital has been gathered from domestic and international investors, including institutions, family offices, and high-net-worth individuals, across two regulated investment vehicles.
F2A is currently assessing around 75 potential targets and expects to complete three deals over the coming quarter. Nandan Nilekani will serve as a mentor, engaging with portfolio firms prior to and following investments. Investors will watch how quickly the fund deploys its capital into companies building in India for local and global markets.
Key points
- F2A raised 3,000 crore rupees for its AI and deeptech fund, with approval for a 500 crore rupee green shoe option.
- The platform is anchored by Infosys Limited cofounder Nandan Nilekani and led by Ashish Kumar alongside Debraj Banerjee and Vivek Singla.
- The fund plans to make 12 to 15 investments over two to three years with initial checks of 100 to 150 crore rupees.
- Sector focus includes automation, robotics, advanced materials, and defence technology for Indian and export markets.
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How we writeDisclaimerQuestions and answers
How much capital did F2A raise for its deeptech fund?
F2A raised 3,000 crore rupees for its AI and deeptech growth-stage fund, with limited partner approval to exercise a 500 crore rupee green shoe option.
Who is leading and mentoring the F2A fund?
The platform is anchored and mentored by Infosys Limited cofounder Nandan Nilekani. It is led by Ashish Kumar alongside general partners Debraj Banerjee and Vivek Singla.
What sectors will the F2A fund invest in?
F2A targets growth-stage companies in automation, robotics, advanced materials, and defence technology, serving both domestic Indian and export markets.