Mumbai: Venture capital firm Inflexor Ventures has raised ₹230 crores, marking the first close of Inflexor Technology Fund.
The fund’s target corpus is ₹500 crores along with an additional ₹200 crore green-shoe option, over the next few months from domestic and international investors.
Investors in the fund include SBICap Ventures, SIDBI, family offices, and ultra-rich individuals.
The fund, launched earlier this year, claims to have drawn significant interest from limited partners and capital being raised in the midst of the COVID-19 crisis. It will back business-to-business (B2B) and enterprise startups in sectors such as health-tech, fintech, consumer-tech, cleantech, edtech, and agritech. The fund eyes investment in startups at pre-series A to Series A+ stages.
