Amid the ongoing global pandemic, venture capital firm Inflexor Ventures managed to raise about $31 million (Rs230 crore), marking the first close of Inflexor Technology Fund, from investors such as SBICap Ventures, SIDBI, family offices and ultra-rich individuals.
Talking to DealStreetAsia on the fundraising experience especially when investors are treading cautiously and reassessing their portfolios, Inflexor Ventures partner Pratip Mazumdar said, after initial teething issues, the firm was able to convince its investors over multiple investment calls and manage to provide them with all the relevant information they [LPs] needed.
According to Mazumdar, limited partners (LPs) are showing interest in considering new primary investment opportunities. COVID-19 has accelerated digitization, technology-based automation and innovation, which is exactly the theme of the Fund-II, he added.
Edited excerpts of the interview:-
