New Delhi, Aug. 18 -- Natasha Malpani, a former venture partner at Kae Capital and a Stanford alum, has launched an early-stage venture capital firm.

The new firm, Boundless Ventures, will invest in AI-native founders at the intersection of science, systems, and identity. Boundless operates a Rs 200 crore (around $23 million) pre-seed and seed fund which focuses on the AI stack in consumer AI, AI infrastructure, agent tooling to vertical AI applications in sectors like healthcare and logistics, and make-in-India hardware and deeptech.

The fund has already made six investments: healthcare delivery platform SuperHealth, robotics for last-metre industrial automation Armatrix, real-time ocean intelligence platform Piersight and AI-native fashion discovery and logistics platform Knot. Two portfolio companies, which are in stealth mode, operate in AI infra and consumer applications.

"India has a once-in-a-generation advantage: the talent density, the digital rails, and the ambition to build companies that can lead globally from day one. But technology alone isn't enough. Science builds the edge, story makes it stick," said Malpani, founder of Boundless Ventures.

"Founders who can marry technical depth with cultural fluency will be the ones who set the terms of the next wave. Boundless exists to back those founders before the world catches on. I built Boundless as the fund I needed as a founder: sharp, fast, and rooted in trust," she added.

Malpani noted that the fund's model combines capital with deep narrative support, helping companies articulate and win categories before they're named. It aims to be first cheque, early believers. The firm also provides support via global networks and storytelling support from day zero.

The Boundless pipeline is already active, with advanced diligence underway across AI infrastructure, applied vertical AI, and next-generation consumer platforms.

Malpani's career spans science, venture capital, and media. She was part of the founding team at Better Society Capital in London, a $1 billion impact investing firm, before moving to India to head Dice Media at Pocket Aces, where she helped deliver shows like Little Things 3 on Netflix. She later founded Boundless Media, producing the National Award-winning film Uunchai.

Published by HT Digital Content Services with permission from VC Circle.