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Venture Capital firm Inflexor Ventures has announced the first close of its INR 1,250 crore Fund III securing commitments worth INR 400 crore. The Fund is anchored by the Self-Reliant India (SRI) Fund, HDFC Asset Management Company (HDFC AMC) and HDFC AMC Select AIF FoF (HDFC FoF) and has also seen participation from leading international institutions.
The new fund will continue Inflexor’s investment strategy of backing founders building science, engineering and technology-led businesses across sectors. It will primarily invest in pre-Series A and Series A startups, with initial investments ranging between INR 15 crore and INR 45 crore and is expected to build a portfolio of 22–25 companies.
Building on the firm’s earlier funds launched in 2016 and 2021, Fund III will place greater emphasis on Series A investments, reflecting the increasing number of Indian startups achieving early product-market fit and demonstrating global growth potential. The fund will continue to follow Inflexor’s sector-agnostic approach while focusing on technology-driven businesses with high barriers to entry and long-term scalability.
Commenting on the development, Venkat Vallabhaneni, Founder and Managing Director of Inflexor Ventures, said, “India’s innovation ecosystem has reached an inflection point. We’re seeing a growing pipeline of globally ambitious companies built on differentiated science, engineering and technology, creating a compelling opportunity to partner with founders earlier in their scaling journey. Fund III reflects our conviction in this opportunity and our commitment to being long-term partners to exceptional founders.”
Following the first close, the firm has started deploying capital and expects to announce its first investments from Fund III in the coming weeks.
Over the past decade, Inflexor Ventures has invested in more than 25 technology companies, including Atomberg, Bellatrix Aerospace, CloudSEK, CredFlow, Kale Logistics and PlayShifu.
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