Venture capital firm Inflexor Ventures has announced the first close of its third fund, the Inflexor Technology Discovery Fund, with Rs 400 crore in commitments against its target corpus of Rs 1,250 crore.
The fund is backed by leading institutional investors, with the Self-Reliant India (SRI) Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF serving as anchor investors. The fund has also attracted participation from international institutional investors.
With its third fund, Inflexor Ventures plans to invest in science, engineering, and technology startups at the pre-Series A and Series A stages. The firm intends to make initial investments ranging between Rs 15 crore and Rs 45 crore and build a portfolio of 22 to 25 startups.
According to the firm, Fund III will place a stronger emphasis on Series A investments while continuing its sector-agnostic investment strategy. The focus will remain on technology-driven businesses that have strong innovation capabilities and high barriers to entry.
The fund has already started deploying capital and is expected to announce its first batch of investments in the coming weeks.
Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures currently manages around Rs 1,300 crore in assets. Over the years, the venture capital firm has invested in more than 25 startups, supporting companies across multiple technology sectors.
Its portfolio includes well-known startups such as Atomberg, Bellatrix Aerospace, CloudSEK, CredFlow, Kale Logistics, and PlayShifu.
With the launch of Fund III, Inflexor Ventures aims to continue backing high-potential technology startups and strengthen India’s innovation ecosystem by supporting companies at critical early growth stages.
-By Shivani Solanki
