New Delhi, Aug. 25 -- Artificial intelligence-focused venture capital firm Boundless VC has closed its maiden fund at Rs.300 crore ($35 million), as investors step up bets on early-stage startups building in areas ranging from artificial intelligence and robotics to space technology and advanced applications.

The Mumbai-based firm, launched in 2025 by former Kae Capital partner Natasha Malpani, will invest primarily at the pre-seed and seed stages, typically writing cheques of $500,000-$1 million and following on in new rounds. It has invested in 10 companies so far and plans to continue deploying capital over the next two to three years.

This comes at a time when India has fallen behind the US and China in building globally competitive...