Key Highlights :
Natasha Malpani announces ₹200 crore fund, Boundless Ventures, for India’s early-stage AI startups.
Makes bets on AI infrastructure, consumer AI, healthcare, logistics, and robotics.
Invested in six startups so far and is a believer in value added over capital by using storytelling, networks, and access to markets.
Key Background :
Natasha Malpani has a unique set of skills as an investor, entrepreneur, and storyteller to offer her new venture, Boundless Ventures. With initial experience as partner at Kae Capital and as a founder of Boundless Media, she had intimate knowledge of challenges and opportunities for early-stage companies. With her experience as an entrepreneur, in the process of building Dice Media, she appreciated the imperative for a venture fund that is high-velocity, based on trust, and offering end-to-end support over plain investment. Boundless Ventures is, in her own words, the type of fund she would have desired when she was constructing her own business.
The ₹200 crore fund will give pre-seed and seed-stage investment to AI-driven startups in India. Having raised funds to a significant extent from her professional and social circle, Malpani has been able to remain nimble and autonomous in her investment approach. While bigger institutional funds might be less agile, Boundless Ventures will continue to stay agile, thus allowing it to react quicker to the needs of founders and keep up with the fast-changing landscape of AI. It is this founder-centricity that provides the fund with the liberty to aim for its decade-long vision of enabling entrepreneurs to drive India’s AI revolution.
During its investment horizon, Boundless Ventures is casting its net broad across AI applications. These include consumer-grade AI products to underlying infrastructure, agent systems, and industry-specific applications in healthcare, logistics, and robotics. The fund is also interested in investing in Make-in-India hardware-based innovation, perceiving the country as being able to compete not only in software but in hardware-based AI offerings as well. The portfolio also now includes six firms—SuperHealth, Armatrix, Piersight, Knot, and two stealth-stage firms—pointing to its focus on foundation infrastructure as well as end-user innovation.
Most importantly, Malpani sees Boundless Ventures as a source of capital plus. The fund intends to provide strategic value in terms of narrative creation, market access, and network building—all not generally within the province of traditional venture capital. By assisting founders with storytelling, securing introductions into partnerships, and creating credibility, the fund aims to empower startups with the ability to create and own new spaces. This positioning reflects Malpani’s belief that India’s next wave of global companies will emerge not just from technological breakthroughs but also from their ability to connect with markets and consumers.
The timing of the launch of the fund is particularly notable. India’s generative AI startups have so far drawn over $524 million of capital in the first half of 2025, the five-year high. The surge is the result of a simultaneous coalescence of drivers: a surplus of talent pool of technical expertise, digitization as quickly as ever before, and robust investor demand for deep-tech innovation. The environment has crossed the tipping point, where it is moving from pilot deployment of AI to scalable products and infrastructure.
Here, Boundless Ventures is a likelihood as much as it is a sign of growing up for the Indian startup ecosystem. With seed capital supported by operating expertise and story-building, the fund offers a unique platform for founders to excel. It is also India’s commitment to leading the world’s AI race, where innovation, speed, and agenda-setting will be the defining drivers that dictate the next decade.
About the Author
Abhishek Roy
Abhishek Roy is a Managing Editor at Business Minds Media India.