Inflexor Ventures, an early-stage venture investment firm, recently announced the first close of its Rs 350 crore Opportunities Fund, securing a significant commitment from HDFC AMC Select AIF FoF I Scheme, managed by HDFC AMC, as the lead limited partner (LP). Alongside HDFC AMC, additional domestic capital was raised from high-net-worth individuals (HNIs), family offices, corporates, and institutions, underscoring strong investor confidence in Inflexor’s venture strategy.
The fund achieved around 80% of its targeted corpus last month and is on track to reach its final close by the end of this month. This latest fund adds a critical layer to Inflexor’s investment strategy, enabling it to back existing high-growth portfolio companies further while expanding into new investment opportunities.
The launch of the Opportunities Fund follows the firm’s successful exits from its initial fund, which generated high returns for investors, including marquee LPs such as IDFC Limited and the Sumankant Munjal Family Office. Through a complete portfolio sale, Fund-I investors benefited from strong liquidity, reflecting Inflexor’s commitment to maximizing returns.
Inflexor plans to deploy the Opportunities Fund over the next three to five years, aiming to either maintain or expand its stakes in promising portfolio companies. The fund’s strategy aligns with Inflexor’s broader objective of long-term growth across sectors, particularly in technology-driven fields.
The firm has an active investment presence through its second fund, raised in 2021, which has been instrumental in backing companies such as Atomberg, Kale Logistics, PlayShifu, ClickPost, and BioPrime. Inflexor also recorded a significant exit from its second fund with the sale of Steradian Semiconductors to a Tokyo-listed Japanese strategic partner, further solidifying its track record in delivering successful exits.
Inflexor, co-founded by industry veterans Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, manages an asset portfolio of Rs 1,000 crore across 26 technology-based companies. Known for its sector-agnostic approach, Inflexor has been a notable early investor in India’s tech ecosystem, supporting a diverse array of startups such as Atomberg, Entropik, Bellatrix, ClickPost, Cloudsek, and others.
As the firm readies itself for the final close of the Opportunities Fund, it aims to leverage its expanding capital pool to nurture innovation in India’s technology sector, reinforcing its role as a crucial partner for early-stage ventures in the country’s burgeoning startup landscape.
