Early-stage VC firm Inflexor Ventures announces first close of Rs 350 crore opportunities fund

Inflexor Ventures, an early-stage venture capital firm, announced the first close of its Rs 350 crore Opportunities Fund, achieving approximately 80% of its target corpus at Rs 280 crore.

The fund’s primary investor is HDFC AMC Select AIF FoF I Scheme, managed by HDFC Asset Management Company, which plays a key role as a dominant limited partner (LP) in this initiative.

In addition to HDFC AMC, the Opportunities Fund has raised capital from a diverse range of domestic investors. These new LPs include high-net-worth individuals (HNIs), family offices, corporates, and other institutional backers.

The fund completed its first close in the previous month, and the venture firm anticipates a final close by the end of this month to meet the full Rs 350 crore target.

Strategic allocation for portfolio expansion and maintenance

According to Jatin Desai, Managing Partner at Inflexor, a portion of the Opportunities Fund's corpus will be directed toward acquiring the entire investment portfolio of Inflexor’s first fund, which includes investments in companies such as Atomberg, Playshifu, Entropik, Bellatrix, and Cloudsek.

Additionally, Inflexor plans to use part of the corpus over the next three to five years to either maintain or increase its stake in these existing portfolio companies, supporting their long-term growth.

Current investments and recent exits

Inflexor is actively deploying capital from its second fund, raised in 2021, which has seen investments in companies across diverse sectors, including technology-driven firms like Kale Logistics, Atomberg, PlayShifu, ClickPost, and BioPrime.

In addition, the venture firm recently made a successful exit from one of its second fund investments, Steradian Semiconductors, through a sale to a strategic Tokyo-listed Japanese partner, marking a notable exit for the firm.

Inflexor Ventures’ position in the Indian VC ecosystem

Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor is a sector-agnostic venture capital firm focused on technology-based, early-stage companies in India.

With Rs 1,000 crore in assets under management (AUM) and a portfolio of 26 companies, Inflexor has established itself as a significant player in the Indian venture capital landscape, supporting startups in diverse fields, from logistics to artificial intelligence and cybersecurity.