Ashish Kumar, founder and managing partner of F2A.

Fundamentum Partnership co-founder Ashish Kumar has launched F2A (Fundamentum Frontier Advisors), a dedicated frontier-tech investment platform with a total corpus of ₹3,000 crore.

The platform will oversee investments of ₹1,000 crore, in addition to managing the ₹2,000-crore Fundamentum III fund, which will focus on artificial intelligence and deeptech opportunities. F2A is backed by Nandan Nilekani as an anchor investor, along with several institutional and individual investors.

“F2A is a continuation of our effort to partner with founders building technology-led businesses,” said Ashish Kumar, founder and managing partner of F2A.

The platform has also appointed Debraj Banerjee as General Partner to co-lead its AI and deeptech strategy.

Banerjee brings nearly two decades of experience across venture capital, institutional finance and technology-led businesses. Most recently, he served as Senior Fund Manager and Investment Committee member at SIDBI Venture Capital Ltd.

His investment portfolio includes AI and deeptech companies such as QpiAI, Pantherun, Digantara, SigTuple, Myelin Foundry, OTPless, Fyllo, Covalense Digital, OmniBRx Biotechnologies and Serosoft Solutions, as well as consumer brands including The Ayurveda Experience, Vahdam, DrinkPrime and Nourish You.

“Technology-led innovation continues to create new opportunities across sectors. Platforms that combine long-term thinking with strong execution capabilities can play an important role in supporting this evolution. I am excited to support Ashish and the team as they expand Fundamentum Frontier’s AI and deeptech strategy and focus on long-term value creation,” said Nandan Nilekani, anchor investor in F2A.

F2A builds on the investment approach developed through earlier Fundamentum funds and will focus on stage-agnostic, technology-led businesses operating in large and evolving markets. Co-founded by Nandan Nilekani and Ashish Kumar, Fundamentum is a growth-stage investment firm that follows what it describes as an “ecosystem play” approach.

Launched in 2017, the firm has invested in companies, including PharmEasy, Spinny, Kuku FM and ProcMart.

Published on May 26, 2026