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Inflexor Ventures raises USD 230 crore for Inflexor Technology Fund

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.

 

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