The first close of Inflexor’s targeted Rs 350 crore Opportunities Fund has been announced by the early-stage venture investment firm. The fund’s principal limited partner (LP) is HDFC AMC, which also manages the HDFC AMC Select AIF FoF I Scheme. New LPs, such as corporates, family offices, high-net-worth individuals (HNIs), and other organizations, have also contributed more domestically to the fund.
The fund reached about 80% of the target corpus at its first close last month. By the end of this month, the final close is anticipated.
Through a complete portfolio sale of assets, Inflexor claims that this transaction has produced industry-leading returns and liquidity for all of its current Fund-I investors, including IDFC Limited, the Sumankant Munjal Family Office, and other notable investors. Over the next three to five years, a portion of the Opportunities Fund’s target corpus may be used to preserve or grow holdings in these portfolio companies.
Capital from Inflexor’s second fund, which was raised in 2021, is currently being used to invest in a number of businesses, including Kale Logistics, Atomberg, PlayShifu, ClickPost, BioPrime, and others. Additionally, the company sold Steradian Semiconductors, one of the companies in its second fund’s portfolio, to a Japanese strategic partner listed in Tokyo.
With a portfolio of 26 technology-based early-stage businesses, Inflexor is a sector-agnostic venture capital firm that was co-founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar. It manages assets under management (AUM) of Rs 1,000 crore. Atomberg, Kale Logistics, PlayShifu, Entropik, Bellatrix, ClickPost, and Cloudsek are just a few of the startups in which the venture capital firm has made early investments.
