August 19, 2025: Early-stage startups building on artificial intelligence in India may find fresh momentum, as Boundless Ventures rolls out a ₹200 crore fund aimed squarely at seeding the next wave of AI-first companies.
The fund comes at a time when global capital in AI is concentrated in the US and China, leaving India’s innovation potential relatively undercapitalised. With Boundless Ventures’ new initiative, Indian founders could finally access capital matched with contextual understanding of both technology and local market dynamics.
Founded by Natasha Malpani, a former venture partner at Kae Capital, Boundless Ventures is targeting pre-seed and seed-stage startups creating core AI infrastructure, agent tooling, consumer applications, vertical use cases (notably in healthcare and logistics), and make-in-India deeptech and hardware. The fund’s strategy goes beyond capital, offering narrative building and market-shaping support to help startups define categories from the outset.
Boundless Ventures New ₹200 Cr Fund Targets India’s AI Infrastructure Startups
“India has a once-in-a-generation advantage: the talent density, the digital rails, and the ambition to build companies that can lead globally from day one,” said Natasha Malpani. “AI is moving from experiments to infrastructure. The next decade will be about turning raw capabilities into enduring systems.”
The fund has already backed six companies including SuperHealth, Armatrix, Piersight, Knot, and two undisclosed startups. This signals a clear commitment to not just backing ideas, but also building an ecosystem around practical, scalable AI solutions.
The move could significantly benefit India’s early-stage founders, who often face capital gaps for deeptech and AI-heavy ventures, particularly outside SaaS and fintech. While India’s July 2025 funding figures, $65 million across 14 deals, remain modest, initiatives like Boundless Ventures’ fund mark a step toward reversing the funding drought in complex tech domains.
The Boundless Ventures Fund launch also aligns with the Indian government’s push for AI self-sufficiency through the National AI Mission. By investing in infrastructure like the IndiaAI Compute Capacity, targeting 10,000+ GPUs through public-private partnerships—the state aims to catalyse AI development and reduce the hardware-access bottleneck for startups.
By coupling capital with India’s growing AI ecosystem and policy support, Boundless Ventures may help founders move faster from prototype to product, and from India to global markets.
