November 6, 2024: Inflexor Ventures, a leading early-stage venture capital firm, has successfully secured Rs 280 crore as the first close for its Rs 350 crore Opportunities Fund.
Pratip Mazumdar, Partner at Inflexor Ventures, emphasized the significance of the first close, saying, “The first close within six months, bolstered by a sizeable investment from HDFC AMC, reaffirms strong investor confidence in the underlying portfolio.”
Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures has built a strong reputation as a sector-agnostic VC firm. With Rs 1,000 crore in assets under management (AUM) and a portfolio of 26 growing startups, Inflexor has proven its ability to identify and support high-potential businesses across various industries.
Inflexor Ventures Provides Successful Portfolio Exit and Strong Returns
Inflexor Ventures’ latest fundraise follows a strong track record of successful exits and portfolio growth. The firm revealed that this transaction has provided liquidity and attractive returns for its existing Fund-I investors, including IDFC Limited and Sumankant Munjal Family Office. The liquidity event came through the full portfolio sale of assets, further highlighting Inflexor’s ability to deliver value to its investors.
Focus on Strategic Investments and Increased Stake in Portfolio Companies
Looking ahead, Inflexor Ventures plans to allocate part of the Opportunities Fund’s target corpus over the next three to five years to increase or maintain its stakes in existing portfolio companies. This continued focus on growing its startups demonstrates Inflexor’s commitment to long-term value creation.
Inflexor is currently deploying capital from its second fund raised in 2021, having made investments in several promising companies like Kale Logistics, Atomberg, PlayShifu, ClickPost, and BioPrime. Notably, the firm also made a successful exit from one of its second fund’s portfolio companies, Steradian Semiconductors, which was acquired by a Tokyo-listed strategic Japanese company.
Strong Investor Confidence and Future Plans
The Opportunities Fund has already attracted considerable attention from investors, with HDFC AMC Select AIF FoF I Scheme being the dominant limited partner. Inflexor Ventures also welcomed support from a broad range of HNIs, family offices, corporates, and other institutional investors.
The firm aims to achieve the final close of the Opportunities Fund by the end of this month, further solidifying its position as a leading early-stage venture capital player in the Indian startup ecosystem.
Inflexor’s Track Record in Supporting High-Growth Startups
Inflexor Ventures has built an impressive portfolio of companies, including Atomberg, Kale Logistics, Entropik, Bellatrix, Clickpost, and Cloudsek. Its focus on backing startups with strong growth potential has positioned it as a trusted partner for emerging businesses in various sectors.
With this new funding round and continued investment activity, Inflexor Ventures is set to play a pivotal role in the growth of India’s startup landscape, further fueling innovation and entrepreneurship across sectors.
The latest funding round attracted a diverse range of investors, including prominent institutions like HDFC Asset Management Company (AMC) and several high-net-worth individuals (HNIs), family offices, and corporates.
