Early-stage venture capital firm Inflexor Ventures is targeting the first close of its $150 million (₹1,250 crore) Fund III by the end of Q2 FY26. With this new fund, the firm aims to double down on emerging and high-tech sectors such as healthcare devices, EV battery technology, and foundational large language models (LLMs)—marking a strategic shift towards less saturated, innovation-driven verticals.
Fund III plans to invest in 25 to 27 startups, primarily in the pre-Series A to Series A stages, with average cheque sizes ranging between $2.5 million to $3 million for approximately a 15% equity stake. Additionally, Inflexor’s existing portfolio features prominent startups including Atomberg, Bellatrix Aerospace, CredFlow, and Bioprime Agrisolutions. With this expansion, the firm expects its total portfolio to grow beyond 50 startups.
In addition, Inflexor has completed the closure of its ₹350 crore Opportunities Fund. HDFC Asset Management Co. led the acquisition of Inflexor’s first fund portfolio (Parampara Capital), enabling the firm to provide early liquidity to its initial investors.
Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures currently manages over $120 million in assets under management (AUM). The firm has invested in more than 25 startups across deeptech, spacetech, cybersecurity, artificial intelligence, and consumer technology, reinforcing its reputation as a key player in India’s early-stage venture ecosystem.
With the launch of its $150 million Fund III and the successful closure of its ₹350 crore Opportunities Fund, Inflexor Ventures is poised to deepen its footprint in India’s early-stage startup ecosystem. By focusing on emerging technologies and providing strategic capital at critical growth stages, the firm aims to foster innovation and build a robust portfolio of future-ready companies across high-impact sectors.
