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

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  • Inflexor Ventures has announced the first close of its Rs 350 crore Opportunities Fund, having secured Rs 280 crore, approximately 80% of its target corpus, with a final close anticipated by the end of the month.
  • HDFC AMC Select AIF FoF I Scheme is the primary investor and key limited partner in the fund, alongside contributions from a diverse group of domestic investors including high-net-worth individuals and family offices.
  • The Opportunities Fund will be used to acquire the investment portfolio of Inflexor’s first fund and to enhance stakes in existing portfolio companies, promoting their long-term growth.
  • Inflexor Ventures is actively deploying capital from its second fund, with recent investments in various technology sectors and a notable exit from Steradian Semiconductors through a sale to a Japanese partner.
  • Established by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures has Rs 1,000 crore in assets under management and a diversified portfolio, making it a significant player in the Indian venture capital ecosystem.

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. 


Here’s a summarized list based on the information provided:

Fund

  • Name: Inflexor Ventures Opportunities Fund
  • Target Corpus: Rs 350 crore
  • First Close Amount: Rs 280 crore (approximately 80% of the target)

Primary Investor

  • HDFC AMC Select AIF FoF I Scheme (Managed by HDFC Asset Management Company)

Other Investors

  • Type: Domestic investors, including:
    • High-net-worth individuals (HNIs)
    • Family offices
    • Corporates
    • Other institutional backers

Startups in Portfolio

  1. Atomberg
  2. Playshifu
  3. Entropik
  4. Bellatrix
  5. Cloudsek
  6. Kale Logistics
  7. ClickPost
  8. BioPrime
  9. Steradian Semiconductors (recently exited)

Founders of Inflexor Ventures

  1. Venkat Vallabhaneni
  2. Jatin Desai
  3. Pratip Mazumdar

Fundraise Series

  • Current Fund: Opportunities Fund (First close)
  • Previous Fund: Second fund raised in 2021

Recent Activity

  • Exit: Successful exit from Steradian Semiconductors through a sale to a strategic Japanese partner.

Additional Information

  • Assets Under Management (AUM): Rs 1,000 crore
  • Total Portfolio Companies: 26

This information captures the key details about the fund, investors, startups, founders, and financial activities from the provided text.

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