- Inflexor Ventures has secured Rs 400 crore (around $42 million) in the first close of its third fund, which targets a corpus of Rs 1,250 crore (nearly $131 million) to back science, engineering and technology-led startups.
- The fund will invest primarily in pre-Series A and Series A startups, writing initial cheques of Rs 15-45 crore (around $1.6-4.7 million) and building a portfolio of 22-25 companies.
- Fund III will place greater emphasis on Series A investments while continuing its sector-agnostic approach focused on technology-driven businesses with high barriers to entry.
- Fund III has already begun deploying capital and expects to announce its first investments in the coming weeks.
- Inflexor Ventures launched its debut fund in 2016, investing in companies such as Atomberg Technologies, PlayShifu, Kale Logistics Solutions and Bellatrix Aerospace.
- In 2021, Inflexor launched its second fund that raised Rs 608 crore and focused on pre-Series A and Series A investments.
Inflexor Ventures has successfully closed its third fund, the Inflexor Technology Discovery Fund, with commitments of ₹400 crore (around $42 million) against a target of ₹1,250 crore (nearly $131 million).1
The fund aims to invest in science, engineering, and technology startups, focusing on pre-Series A and Series A stages. Initial investments will range from ₹15-45 crore (approximately $1.6-4.7 million), targeting a portfolio of 22-25 companies.2
Anchored by the Self-Reliant India (SRI) Fund and HDFC Asset Management Company, the fund has also attracted participation from international institutional investors.
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Inflexor Ventures, which launched its first fund in 2016, has previously invested in notable companies like Atomberg Technologies and Bellatrix Aerospace. The firm’s second fund, raised in 2021, focused on similar early-stage investments.56
With a commitment to a sector-agnostic approach, Fund III will emphasize Series A investments while continuing to support technology-driven businesses with high barriers to entry. The firm has already begun deploying capital and anticipates announcing its first investments shortly.34
“The new Inflexor Technology Discovery Fund has already begun deploying capital and expects to announce its first investments soon. Anchored by the Self-Reliant India Fund and HDFC Asset Management, it aims to emphasize Series A investments while maintaining a sector-agnostic approach.”
VCCircle
