Natasha Malpani, former partner at Kae Capital, has launched Boundless Ventures, a ₹200 crore early-stage fund focused exclusively on AI-native startups in India. The fund, backed by her personal network, is already active and has invested in six companies, underlining strong conviction in India’s growing AI ecosystem.

Boundless Ventures targets pre-seed and seed stages, providing critical early capital to startups across consumer AI applications, infrastructure, tooling, healthcare, logistics, and indigenous hardware. Its initial portfolio includes SuperHealth (healthcare delivery), Armatrix (robotics for industrial automation), Piersight (real-time ocean intelligence), Knot (AI-led fashion discovery and logistics), and two stealth startups focused on AI infrastructure and consumer solutions.

Malpani’s vision is rooted in the belief that AI has shifted from experimental to foundational infrastructure. She emphasizes that the most impactful companies will blend deep technical capability with cultural context. Boundless is structured not only to provide funding but also to deliver narrative support and market access, helping startups define and shape new categories before they are widely recognized.

The fund will back 20–30 companies, writing first checks of $200,000–$400,000, with reserves for follow-on investments. This ensures both early momentum and sustained support for founders scaling globally from day one.

The launch comes at a time when India’s generative AI sector is seeing record fundraising, with 2025 marking its strongest half-decade performance. Malpani herself brings a unique mix of operational and creative experience, having founded Boundless Media and scaled Dice Media, alongside a proven investing track record in AI during her Kae Capital tenure.

In an evolving venture landscape, Boundless Ventures represents a strategic bet on India’s AI-first future. By combining capital with trust, storytelling, and operational insight, the fund aims to catalyze a new generation of homegrown AI leaders ready to compete on the global stage.