Fund News
Inflexor VC closes Rs.350-Cr Opportunities Fund; acquires portfolio of first fund
Early-stage venture capital firm Inflexor Ventures has closed its INR 350-crore Opportunities Fund and acquired the entire investment portfolio of its first fund (Parampara Capital), providing liquidity to its initial investors.Inflexor, which has backed consumer durables maker Atomberg, spacetech startup Bellatrix Aerospace, CredFlow and Bioprime Agrisolutions, is also eyeing the first close of its USD 150 million (INR 1,250 crore) Fund III by the end of the second quarter. The fund is focusing on companies making healthcare devices and advanced materials like EV (electric vehicle) batteries and foundational large language models (LLMs). Inflexor intends to invest in 25-27 startups with this fund.The fund’s sweet spot is between pre-series A and series A, with cheque size of about USD 2.5-3 million, for about 15% stake.
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