Natasha Malpani has launched Boundless Ventures with ₹200 crore in funding. The former Kae Capital partner aims to transform India’s AI startup ecosystem. Her early-stage venture capital fund targets AI-native founders across multiple sectors.
Malpani brings Stanford credentials and deep venture experience. She previously scaled Dice Media and founded Boundless Media. Her latest venture focuses on the intersection of science, systems, and identity.
Strategic AI Investment Across the Full Stack
Boundless Ventures writes pre-seed and seed checks for AI companies. The fund covers consumer AI, infrastructure, agent tooling, and vertical applications. Healthcare and logistics represent key focus sectors.
The fund has already backed six innovative startups:
- SuperHealth – reimagining healthcare delivery systems
- Armatrix – robotics for last-metre industrial automation
- Piersight – real-time ocean intelligence via satellites
- Knot – AI-native fashion discovery and logistics platform
- Two stealth companies in AI infrastructure and consumer applications
“We’re at an inflection point where AI is moving from experiments to infrastructure,” said Malpani. “The next decade will be defined by teams who can turn raw capability into enduring systems.”
India’s Competitive Advantage in Global AI Race
India possesses unique strengths for AI leadership. The country combines talent density with robust digital infrastructure. This positions Indian startups to compete globally from day one.
“India has a once-in-a-generation advantage,” Malpani explained. “The talent density, the digital rails, and the ambition to build companies that can lead globally.”
But technology alone isn’t sufficient for success. Malpani emphasizes the importance of cultural fluency alongside technical depth.
“Science builds the edge, story makes it stick,” she noted. “Founders who can marry technical depth with cultural fluency will set the terms of the next wave.”
Why It Matters Now
Boundless Ventures launched as Indian AI startups gained momentum. The sector raised $524 million in the first seven months of 2025. This represents the highest fundraise in five years for generative AI startups.
The timing aligns with India’s Viksit Bharat 2047 vision. This government initiative promotes technology-driven economic growth with digital sovereignty.
The National AI Mission supports this ecosystem development. Public-private partnerships are building large-scale AI computing infrastructure. The initiative includes over 10,000 GPUs for startup access.
Conviction-First Investment Strategy
Boundless Ventures operates with a conviction-first model. The fund provides foundational support from “day zero.” This includes global networks and storytelling assistance.
“I built Boundless as the fund I needed as a founder,” Malpani said. “Sharp, fast, and rooted in trust.”
The approach combines capital with deep narrative support. This helps companies articulate and win categories before they’re established.
“Every investment is a bet on a founder’s ability to bend reality, not follow consensus,” Malpani added.
Strategic Advantage for Business Leaders
Boundless Ventures represents broader trends in AI investment. Unlike the US and China, India hosts relatively few pure-play AI startups. This creates opportunities for early-stage investors.
The fund’s portfolio approach spans multiple AI applications. This diversification reduces risk while capturing growth across sectors.
For multinational companies, India’s AI ecosystem offers partnership opportunities. The combination of talent and cost advantages creates compelling value propositions.
What Business Leaders Should Know
AI adoption is accelerating beyond experimental phases. Companies must move from pilots to production systems. India’s startup ecosystem provides scalable solutions across industries.
Boundless Ventures’ investments signal market validation for AI infrastructure. Healthcare, logistics, and manufacturing lead adoption curves.
The fund’s storytelling focus addresses a critical gap. Technical excellence alone doesn’t guarantee market success. Companies need narrative frameworks to explain their value propositions.
Global businesses should monitor Boundless Ventures’ portfolio companies. These startups may become acquisition targets or strategic partners as they scale internationally.
