Inflexor Ventures achieves first close of Rs 1,250 Cr Fund III with Rs 400 Cr commitments

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Venture capital firm Inflexor Ventures has announced the first close of its third fund, Inflexor Technology Discovery Fund, securing commitments of Rs 400 crore against its target corpus of Rs 1,250 crore.
The fund is anchored by the Self-Reliant India (SRI) Fund, HDFC Asset Management Company and HDFC AMC Select AIF FoF, with participation from international institutional investors.
Fund III will invest in science, engineering and technology startups at the pre-Series A and Series A stages. The firm plans to write initial cheques of Rs 15–45 crore and build a portfolio of 22–25 companies.
According to Inflexor Ventures, the new fund will place greater emphasis on Series A investments while continuing its sector-agnostic approach focused on technology-driven businesses with high barriers to entry.
Fund III has already begun deploying capital and expects to announce its first investments in the coming weeks.
Founded by Venkat Vallabhaneni, Jatin Desai and Pratip Mazumdar, Inflexor Ventures manages around Rs 1,300 crore in assets and has backed more than 25 startups, including Atomberg, Bellatrix Aerospace, CloudSEK, CredFlow, Kale Logistics and PlayShifu.

document fetched 2026-07-28 08:23