Inflexor, a venture capital firm specializing in early-stage investments, has announced the initial close of its Rs 350 crore Opportunities Fund. HDFC AMC Select AIF FoF I Scheme, managed by HDFC AMC, leads the fund as the primary limited partner (LP), with additional capital contributions from new LPs, including high-net-worth individuals (HNIs), family offices, corporations, and other institutional investors.
The first close, achieved last month, represents approximately 80% of the targeted corpus. Inflexor anticipates the final close by the end of this month.
The firm has reported significant returns and liquidity through this transaction, benefitting existing Fund-I investors like IDFC Limited and the Sumankant Munjal Family Office, along with other prominent backers, through a complete portfolio sale of assets. Inflexor plans to allocate portions of the Opportunities Fund over the next 3-5 years to sustain or expand its stakes in these portfolio companies.
Currently deploying capital from its second fund, raised in 2021, Inflexor has invested in companies such as Kale Logistics, Atomberg, PlayShifu, ClickPost, and BioPrime, among others. Recently, the firm successfully exited its second fund’s portfolio company, Steradian Semiconductors, through a sale to a Tokyo-listed Japanese strategic partner.
Co-founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor is a sector-agnostic VC firm with Rs 1,000 crore in assets under management (AUM). It focuses on early-stage tech-driven companies, with a portfolio spanning 26 companies, including startups like Atomberg, Kale Logistics, PlayShifu, Entropik, Bellatrix, ClickPost, and Cloudsek.