Inflexor Ventures eyes first close of $150 Mn Fund III by Q2 FY26: Report

Early-stage venture capital firm Inflexor Ventures is targeting the first close of its $150 million (Rs 1,250 crore) Fund III by the end of Q2 FY26. 

As per the ET report, the new fund will focus on emerging sectors such as healthcare devices, EV battery tech, and foundational large language models (LLMs), reflecting a pivot toward less crowded, high-tech verticals.

Fund III will invest in 25–27 startups, largely at the pre-Series A to Series A stage, with average cheque sizes of $2.5–3 million for a ~15% stake. The firm’s current portfolio includes Atomberg, Bellatrix Aerospace, CredFlow, and Bioprime Agrisolutions. With this fund, Inflexor expects its total portfolio to cross 50 startups.

Inflexor also announced the closure of its Rs 350 crore Opportunities Fund through the acquisition of its first fund’s portfolio (Parampara Capital), led by HDFC Asset Management Co., providing early liquidity to initial investors.

Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures has over $120 million AUM and has backed over 25 startups across deeptech, spacetech, cybersecurity, AI, and consumer tech.