India, Dec. 3 -- Months after stepping down from AI startup Haptik, India AI Mission advisor Aakrit Vaish has partnered with ex-Together Fund partner Pratyush Choudhary to launch a new AI-focussed venture capital (VC) fund Activate.

With the fund, the duo would look to invest in early-stage AI-native startups across segments such as AI applications, foundational models, physical infrastructure, and other allied verticals.

The fund plans to dish out average cheques sizes in the range of $500K to $3 Mn. Activate is currently in the process of making its early investments.

The total corpus of the fund is said to be around $75 Mn.

In a social media post, Vaish claimed that the fund's limited partners (LPs) include Perplexity founder Aravi...