Anil Ravipudi's upcoming heist comedy film F3: Fun and Frustration is written and directed in Telugu. It is a standalone sequel to the 2019 film F2 and the second film in the Fun and Frustration series, produced by Sri Venkateswara Creations. Venkatesh, Varun Tej, Tamannaah, and Mehreen Pirzada, as well as Sunil and Sonal Chauhan, reprise their roles from the previous film. Devi Sri Prasad created the music for it.
Following the success of F2, Dil Raju launched F3 in February 2019. The film's principal photography began in December 2020 and ended in January 2022. Hyderabad was used heavily in the film. The COVID-19 epidemic caused many delays in the manufacture and deployment of F3. The movie is now scheduled to release theatrically on 27 May 2022.