As India’s innovation landscape shifts toward deeptech and frontier technologies, Inflexor Ventures is gearing up to deploy its most ambitious fund yet. The early-stage VC firm has announced plans to hit the first close of its $150 million (₹1,250 crore) Fund III by the end of Q2 FY26.
This new fund marks a strategic pivot — targeting high-potential but underfunded sectors like healthcare devices, EV battery technology, and even foundational large language models (LLMs), reflecting Inflexor’s growing conviction in homegrown IP and deeptech capabilities.
The fund will back 25–27 startups at the pre-Series A to Series A stage, writing average cheques of $2.5–3 million for a typical ~15% equity stake. With this, Inflexor’s total portfolio is expected to surpass 50 startups — building on past bets like Atomberg, Bellatrix Aerospace, CredFlow, and Bioprime Agrisolutions.
But that’s not all.
In a move that’s rare in India’s early-stage ecosystem, Inflexor has also closed its ₹350 crore Opportunities Fund through the acquisition of its first fund’s (Parampara Capital) portfolio, led by HDFC Asset Management Co. The deal offers early liquidity to original LPs — a significant milestone that underscores Inflexor’s commitment to long-term investor value.
“India’s next decade will be defined by technology solving real-world challenges — whether in climate, energy, or enterprise AI,” said Jatin Desai, Co-founder of Inflexor Ventures. “With Fund III, we are doubling down on category-defining founders building from the ground up.”
Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor now manages $120M+ in assets and has emerged as one of the few Indian VCs with a deeptech-first thesis — backing startups in spacetech, cybersecurity, AI, agritech, and new-age hardware.
As the startup ecosystem looks beyond consumer apps and fintech clones, Inflexor’s Fund III is a timely push toward technology with patents, not just pitch decks — and startups that are built to solve, not just scale.
