Inflexor Ventures launches $100m fund to invest in Indian tech startups

Venture capital firm Inflexor Ventures has launched a new $100 million early-stage fund, Inflexor Technology Fund, which will back startups in sectors such as healthtech, fintech, consumertech, cleantech, edutech, deeptech and agritech, said a top company executive.

The VC firm, based out of Mumbai and Bengaluru will make 6-8 investments from the fund this year, said managing partner Jatin Desai.

Inflexor Ventures said that the fund will invest between $500,000 to $1 million, with $2 million-$4 million for follow-on rounds in the portfolio companies.

Desai said, in a telephone interview, that they are looking at a first close (of the new fund) in the June quarter of the next financial year.

“We are ready to invest. We are already evaluating companies,” he added.

“We are talking to three domestic institutional investors, three international institutions and a few family offices,” he said.

The co-founders and managing partners of Inflexor, Venkat Vallabhaneni and Desai, had earlier co-founded Parampara Capital, an early-stage tech-focused VC firm.

The 100 crore-Parampara Early Stage Opportunities Fund, set up in 2015, had backed 12 companies including startups such as PlayShifu, that make augmented reality-based educational toys for children, Atomberg, that manufactures energy-efficient home appliances, and space technology company, Bellatrix Aerospace.

IDFC Alternatives, the asset management arm of infrastructure-focused lender IDFC Ltd, had partnered with Parampara Capital for that fund.

Pratip Mazumdar, who was previously with IDFC Alternatives, has also joined Inflexor as a Partner. The new fund will invest in disruptive technology startups that solve real-life problems and have potential in domestic and international markets, the statement said. The fund also seeks to help portfolio companies in global expansion and will invest in early-stage companies that have achieved a basic product-market fit and early commercial validation, the firm said in a statement.

This article was first published on livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.