Inflexor Ventures, an early stage investment firm started by Parampara Capital founders Venkat Vallabhaneni and Jatin Desai, are raising a $100 million fund, dubbed Inflexor Technology Fund.
The proposed fund aims to raise commitments from overseas investors to support companies that leverage technology, intellectual property and innovation across sectors such as healthtech, fintech, consumer-tech, cleantech, edtech and agritech, the firm said in a statement.
Inflexor Ventures was incorporated in March last year in Hyderabad. Inflexor Technology Fund will write initial cheques of $500,000-$1 million and follow up with capital upto $2 million-$4 million, depending on the companies’ growth and capital requirements, the statement said.
Vallabhaneni and Desai started Parampara Capital, an early stage, technology sector focused investment firm, also incorporated in Hyderabad, in 2014. The firm went on to partner with IDFC Alternatives, the private equity arm of IDFC Group, and raise the $15 million IDFC Parampara Early Stage Opportunities Fund -- Series I. Some of the investments from the fund include Atomberg, PlayShifu, Entropik, Bellatrix, Cloudsek, Scube, Data Resolve, Chakr, Singularity Dynamics, Verloop, 3rdFlix and SecurAx.
“With our second fund, we plan to invest over the entire early-stage life cycle of companies by being participative investors and opening our global and local networks,” Vallabhaneni said.
India has been witnessing a steady stream of new early stage funds focused on this market. Last month, New York-based Tiger Global, which is on an investment spree in the Indian market with a focus on business-to-business (B2B) startups, raised a $3.8 billion global fund. Around the same time, She Capital announced the close of its women-focussed venture capital fund at Rs 65 crore.