Nandan Nilekani-backed F2A raises ₹3,000 crore for AI and deeptech
In short
F2A, backed by Nandan Nilekani, has raised ₹3,000 crore for an AI and deeptech fund, and the hard cap has been lifted to ₹3,500 crore.
The money came from Indian and overseas investors through two regulated vehicles in a 70:30 split. The fund plans more investments soon, but the companies it will back were not named.
What the reporting says
F2A, backed by Nandan Nilekani, raised ₹3,000 crore for an AI and deeptech fund, with the hard cap lifted to ₹3,500 crore. The sources say Indian and overseas investors came in through two regulated vehicles in a 70:30 ratio, and the fund plans 12–15 investments over the next two to three years. It is also in advanced stages of closing three investments next quarter, but the specific targets were not stated.
Why it matters
F2A has raised ₹3,000 crore for an AI and deeptech fund, with the hard cap raised to ₹3,500 crore, according to the reporting. The sources also say Indian and overseas investors participated in a 70:30 ratio and that the fund expects 12–15 investments over two to three years. The immediate significance is more capital for AI and deeptech deals, but the next investments were not identified.