Mumbai-based venture capital firm Inflexor Ventures on Wednesday announced the first close of its targeted Rs 350-crore Opportunities Fund at Rs 280 crore. HDFC AMC Select AIF FoF I Scheme is the lead investor in this fund, which also includes investments from high net worth individuals (HNIs), family offices, corporates, and institutions. The final close is anticipated by the end of November.
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The Opportunities Fund will acquire the full investment portfolio of Inflexor’s first fund, providing liquidity to initial investors such as IDFC and Sumankant Munjal Family Office. A portion of the fund’s capital will also be allocated over the next 3-5 years to maintain or increase stakes in these companies.
Pratip Mazumdar, partner at Inflexor, said, “We are pleased to secure liquidity for our first fund’s LPs and to achieve the first close of our Opportunities Fund, supported by a substantial investment from HDFC AMC.”
Inflexor, currently deploying capital from its second fund raised in 2021, has invested in companies including Kale Logistics, Atomberg, PlayShifu, ClickPost, and BioPrime. The firm recently exited Steradian Semiconductors, a second-fund portfolio company, through a sale to a Tokyo-listed Japanese firm.
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Founded by Venkat Vallabhaneni, Jatin Desai and Pratip Mazumdar, Inflexor manages Rs 1,000 crore in assets, focusing on early-stage technology-driven startups across sectors. Its portfolio includes 26 companies such as Atomberg, Entropik, Bellatrix, and CloudSEK.
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