Natasha Malpani, ex-partner at Kae Capital, has founded Boundless Ventures, an early-stage investment fund with a Rs 200 crore corpus that is focused on India's AI-native startups.

The fund will proactively write seed and pre-seed cheques to companies developing across the AI landscape. Its scope includes consumer use cases, infrastructure, agent tooling, vertical solutions within healthcare and logistics, and Make-in-India hardware. Malpani raised the capital directly from her own network of friends and family.

Boundless has already invested in six companies. Its portfolio consists of SuperHealth (healthcare platform), Armatrix (robotics company), Piersight (spacetech startup), and Knot (60-minute fashion delivery platform), as well as two AI infrastructure and consumer AI stealth startups.

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"We have come to an inflection point where AI is moving away from experiments to infrastructure.". The coming decade will be defined in teams that are able to translate raw talent into long-lasting systems and categories," Malpani explained. "Founders who are technically deep and culturally fluent will define the terms of the next wave. Boundless is here to support those founders before the world notices. I created Boundless as the fund I wish I had as a founder: incisive, agile, and built on trust."

In addition to capital, the fund will proactively assist founders with narrative development, access to markets, and network expansion. Malpani comes with both operational and creative capabilities, having established Boundless Media and grown Dice Media prior to her investment career at Kae Capital.

Her action is a record-breaking trend: Indian generative AI startups raised $524 million in the first seven months of 2025, the largest in five years, as investors worldwide made increased bets on the nation's AI ecosystem.