India, Oct. 13 -- Ex-Fundamentum's cofounder Ashish Kumar's VC firm Fundamentum Frontier Advisors (F2A) has marked the first close of its growth-stage AI and deeptech fund at Rs.3,000 Cr, India's largest fund in the sector.

Additionally, F2A said its LPs have approved plans to increase the size of the fund to Rs.3,500 Cr, given the investor demand beyond the current capacity.

The fund has raised capital from both domestic and overseas investors and will divide the funds across two vehicles. It plans to deploy the corpus into 12-15 companies over the next 2-3 years, writing cheques in the range of Rs.100-200 Cr each.

It claims to be in the advanced stages of closing three investments within the upcoming quarter.

"More Indian companies ...