New fund · Professional & Local Services

Inflexor Ventures closes first tranche of Fund III at ₹400 crore

By Startup Enthusiast · 28 July 2026

What they do

Inflexor Ventures announced the first close of Fund III at ₹400 crore, with a target corpus of ₹1,250 crore

The fund will focus on pre-Series A and Series A rounds, with a greater emphasis on Series A than previous funds

The firm has a portfolio of more than 25 companies and an AUM of ₹1,300 crore

Inflexor Ventures announced the first close of its third fund, the Inflexor Technology Discovery Fund.
The first close raised ₹400 crore.
The fund's target corpus is ₹1,250 crore.
Anchor investors include the Self-Reliant India (SRI) Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
Other participants include international institutional investors.
The final close is expected within one year.
The fund will deploy capital over 4-5 years.
It plans to invest in 22-25 companies.

Inflexor Ventures has raised two previous funds: Fund I in 2016 and Fund II in 2021.
The firm's assets under management (AUM) stand at ₹1,300 crore.
Its portfolio includes companies like Atomberg, Bellatrix Aerospace, CloudSEK, CredFlow, Kale Logistics, and PlayShifu.
Venkat Vallabhaneni, founder and managing director, said India's innovation ecosystem is at an inflection point with a pipeline of globally ambitious companies.

Inflexor Ventures is a venture capital firm that invests in technology startups.
It is sector-agnostic but focuses on technology-driven companies.
The firm typically invests at pre-Series A and Series A stages.
Initial investment areas for Fund III include healthcare, extended healthcare, digital infrastructure, and AI.
Pipeline areas include niche manufacturing, semiconductors, space tech, and robotics.
The initial cheque size is ₹15-45 crore (some sources say ₹15-25 crore).
The firm has a portfolio of more than 25 companies (some sources say 27).
Portfolio companies include Atomberg, Bellatrix Aerospace, CloudSEK, CredFlow, Kale Logistics, PlayShifu, Entropik, and Clickpost.

The final close of Fund III is expected within one year.
Deployment has started, and the first investments are expected in the coming weeks.
The fund will invest in 22-25 companies over 4-5 years.

Self-Reliant India (SRI) Fund (anchor) — An anchor investor in Inflexor's Fund III.
HDFC Asset Management Company (anchor) — An anchor investor in Inflexor's Fund III.
HDFC AMC Select AIF FoF (anchor) — An anchor investor in Inflexor's Fund III.
international institutional investors (participated) — Other participants in the fund.