Natasha Malpani Goes Boundless — ₹200 Cr Fund to Fuel India’s AI Dream

In a bold move that signals India’s growing dominance in artificial intelligence, Natasha Malpani, former venture partner at Kae Capital and Stanford alum, has launched Boundless Ventures — a ₹200 crore ($23 million) early-stage fund aimed at backing AI-native startups across India.

 

Boundless Ventures is not just another VC firm. It’s a conviction-first platform designed to be the “first cheque” for founders building at the intersection of science, systems, and identity. The fund has already made six strategic investments, spanning healthcare, robotics, spacetech, fashion logistics, and stealth-mode AI infrastructure and consumer applications.

 

From Experiments to Infrastructure: India’s AI Inflection Point

“We’re at an inflection point where AI is moving from experiments to infrastructure,” Malpani said, emphasizing that the next decade will be shaped by teams who can transform raw capability into enduring systems and categories.

 

India, she argues, has a once-in-a-generation advantage: a dense pool of technical talent, robust digital infrastructure, and a growing appetite for global leadership in deep tech. Boundless Ventures aims to harness this momentum by supporting founders who blend technical depth with cultural fluency — the kind of entrepreneurs who can build category-defining companies before the world catches on.

 

The Boundless Blueprint: Capital + Storytelling + Network

Boundless Ventures isn’t just about funding. Malpani’s model integrates capital with deep narrative support and global networks. “Science builds the edge, story makes it stick,” she said, underscoring the importance of storytelling in helping startups articulate and win emerging categories.

 

The fund’s approach is systematic and selective, with a pipeline already active across AI infrastructure, applied vertical AI, and next-gen consumer platforms. Malpani describes Boundless as “the fund I needed as a founder — sharp, fast, and rooted in trust.”

 

Meet the First Cohort: Six Startups, One Vision

Boundless Ventures has already backed six companies that reflect its diverse and ambitious thesis:

These startups represent the fund’s commitment to backing founders who are not just building products, but reshaping industries.

 

India’s AI Surge: A $524 Million Momentum

Malpani’s launch comes at a time when Indian generative AI startups have raised ₹524 crore ($63 million) in the first seven months of 2025 — the highest in five years. Investors are increasingly betting on India’s ability to lead in AI innovation, governance, and adoption.

 

Boundless Ventures aligns with this momentum and the broader vision of “Viksit Bharat 2047,” contributing to a tech-driven economy rooted in digital sovereignty.

 

From Media to Machines: Malpani’s Multifaceted Journey

Before launching Boundless Ventures, Malpani founded Boundless Media, which produced the National Award-winning film Uunchai. She also headed Dice Media at Pocket Aces, delivering hit shows like Little Things 3 on Netflix. Her career spans science, venture capital, and storytelling — a rare blend that informs her unique approach to investing.

 

Her experience at Better Society Capital in London, a $1 billion impact investing firm, further shaped her vision for building purpose-driven, globally scalable ventures.

 

What’s Next for Boundless?

With advanced diligence underway and a growing pipeline, Boundless Ventures is poised to become a key player in India’s AI ecosystem. The fund’s philosophy — backing founders before consensus forms — could redefine how early-stage investing is done in deep tech.

 

As AI continues to evolve from buzzword to backbone, Boundless Ventures offers a timely and transformative platform for India’s next generation of innovators.

 

Sources: MSN, VCCircle, TradeBrains, Economic Times