01 / The fund
AI-native capital across software and the physical world
Boundless Ventures backs founders across AI software, robotics, space, healthcare and consumer products. Its official thesis has four lanes: the AI-native stack, Make-in-India hardware, New-India consumer, and science with distribution. It is a broad AI investor with hard-tech holdings, not an exclusively frontier-science fund. Its India, Silicon Valley and London links support cross-border companies.
In a 28 September 2026 BusinessLine interview, founder and general partner Natasha Malpani reported an oversubscribed INR300 crore close, typical first cheques of $500,000-$1 million, and pre-seed and seed exclusively for new investments. August 2026 Mint reporting gives the same close and cheque range. Earlier 2025 launch coverage described an INR200 crore target and $200,000-$400,000 initial cheques, while April 2026 coverage used $100,000-$1 million. Those older figures are not combined with the newer mandate. The website says 60% is reserved for follow-ons; first-cheque-to-IPO describes continued support, not a claim that new investments begin at every stage.
Nine companies are named on the current official website portfolio. This page adds Lytmus AI, whose own site displays Boundless as a backer and whose June 2026 funding was directly attributed to Boundless by Business Standard. September reporting describes ten companies, but these differently dated lists do not establish a definitive current total. A personal-profile search also names One Robot and Infer; those leads are not silently substituted for unnamed or stealth companies, and are not yet counted in these verified cards. Current ownership, allocations and realised exits are not inferred.
Official investment thesis ↗ · September 2026 fund interview ↗ · August 2026 close reporting ↗04 / Fund network
Limited partners
No named LP commitment was sufficiently verified in this check. Launch reporting describes friends, family and personal capital without a named roster. Family relationships, an office address at Motilal Oswal Tower and links to Motilal Oswal do not by themselves prove a fund commitment. The manager portfolio page labels other investors as co-investors, not LPs.
Named LPs not verified
Public information gap
This does not mean the fund has no LPs. Anthropic, NVIDIA, OpenAI, research labs and portfolio co-investors are not classified as LPs from program or ecosystem relationships.
Dated launch and capital context ↗Research checked 2 November 2026. Public information is not investment advice or confirmation of available capital.