Inflexor announces first close of Opportunities Fund

Inflexor, an early-stage venture investment firm, has announced the first close of its targeted Rs 350 crore Opportunities Fund. HDFC AMC Select AIF FoF I Scheme, managed by HDFC AMC, is the dominant limited partner (LP) in the fund. The fund has also raised additional capital domestically from new LPs, including high-net-worth individuals (HNIs), family offices, corporates, and other institutions.

The fund achieved its first close last month, reaching around 80% of the target corpus. The final close is expected by the end of this month.

According to Inflexor, this transaction has generated industry-leading returns and liquidity for all its existing Fund-I investors, including IDFC Limited, the Sumankant Munjal Family Office, and other marquee investors, through a full portfolio sale of assets. Part of the target corpus of the Opportunities Fund may be allocated over the next 3-5 years to maintain or increase stakes in these portfolio companies.

Inflexor is currently deploying capital from its second fund, raised in 2021, and has invested in companies such as Kale Logistics, Atomberg, PlayShifu, ClickPost, BioPrime, and several others. The firm also exited one of its second fund’s portfolio companies, 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 venture capital firm managing Rs 1,000 crore of assets under management (AUM) and investing in technology-based early-stage companies with a portfolio of 26 companies. The VC firm has been an early investor in startups such as Atomberg, Kale Logistics, PlayShifu, Entropik, Bellatrix, ClickPost, and Cloudsek.