Inflexor, an early-stage venture investment firm, announced the first close of its targeted ₹350 crore Opportunities Fund at ₹280 crore. The fund achieved the first close last month for around 80% of the target corpus. The final close of the fund is expected by the end of the month.
HDFC AMC Select AIF FoF I Scheme managed by HDFC AMC is the dominant LP in the fund. The Fund has raised additional capital domestically from new limited partners (LPs) that are across HNIs, family offices, corporates, and other institutions.
This transaction has generated industry-leading returns and liquidity for all its existing Fund-I investors, including IDFC Limited, Sumankant Munjal Family Office and other marquee investors, through a full portfolio sale of assets. Part of the target corpus of the opportunities fund can be allocated over the next 3-5 years to maintain or increase stake in these portfolio companies.
“We are happy to announce this unique transaction wherein we have achieved a portfolio sale of assets of our first fund and generated liquidity for all our first fund LPs. The first close within 6 months, bolstered by a sizeable investment from HDFC AMC, underscores strong investor confidence in the underlying portfolio,” said Pratip Mazumdar, Partner at Inflexor.
Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures is a sector-agnostic VC firm managing ₹1,000 crore of assets under management (AUM) with a portfolio of 26 startups.
Inflexor is currently deploying from its second fund raised during 2021 and has invested in companies including Kale Logistics, Atomberg, PlayShifu, ClickPost, BioPrime, and several others. Inflexor also exited one of their second fund’s portfolio companies Steradian Semiconductors to a Tokyo-listed strategic Japanese company.
