The early-stage VC firm has raised a corpus of ₹ 1250 crore, with the help of HDFC AMC and Self-Reliant India Fund, to focus on pre-series A and Series A investments in deep tech start-ups.
Early-stage, sector-agnostic venture capital firm Inflexor Ventures has crossed the first closing milestone for its third fund with a total corpus of ₹400 crore raised towards the target of ₹1,250 crore. The fund, Inflexor Technology Discovery Fund, is led by the Self-Reliant India (SRI) Fund, HDFC Asset Management Company (HDFC AMC) and HDFC AMC Select AIF FoF (HDFC FoF), with commitments from several prominent global institutional investors.
Focus on Early-Stage, Deep-Tech Bets
The fund will focus on pre-Series A and Series A investments. Initial cheques are expected to range between ₹ 15 crore and ₹ 45 crore. The fund size is expected to have 22-25 companies. Deployment has started post the initial closing.
A Track Record Spanning a Decade
Inflexor raised its first fund, Fund I, in 2016, and its second fund, Fund II, in 2021. With an AUM of ₹ 1,300 crore, it has 27 companies in its portfolio, including Atomberg, Kale Logistics, PlayShifu, Entropik, Bellatrix, Clickpost, and CloudSEK.
Founder’s Perspective
Venkat Vallabhaneni, founder and managing director at Inflexor Ventures, observed that India’s innovation ecosystem has passed an inflection point, generating a set of global ambitions companies that are leveraging their differentiated science, engineering, and technology to create extremely compelling opportunities for partnerships with founders at an early stage of their development.
Shifting Emphasis Toward Series A
The company revealed that there will be a greater focus on Series A investments in Fund III as the venture ecosystem in India grows more mature and more companies begin to demonstrate product-market fit and potential to build truly global franchises. Inflexor stated its thesis in investing in transformative companies with enduring business models designed to create compounded value for decades.
