New age venture capital firm Inflexor Ventures has made the first close of its new Rs 500 crore fund at Rs 230 crore, one of the largest for a domestic, technology-focused investor this year. 

“We are seeing an increased focus on digitization and technology innovation globally and it’s going to accelerate further, particularly in India in the current environment,” said Jatin Desai, managing partner of Inflexor Ventures. “We want to identify the right technology startups at an early stage and help them scale up in India and sell to global markets and in the process hopefully make some decent returns for our investors.”

Inflextor sees this as a very good opportunity to expand its product and customer base, during this pandemic cum lockdown. 

“We see a huge opportunity for emerging, new-age Indian technology companies, given the availability of a large young talent pool and the entrepreneurial spirit of founders,” Venkat Vallabhaneni, managing partner, said. “Given our experience as entrepreneurs prior to becoming VCs, we can work closely with the founders at an early-stage and guide them in their formative years,” he added.

Inflexor Ventures’ first close is the latest by an early-stage investment firm in India. 

It claims to have returned an estimated 50% to investors.

The fund made 12 investments and has recorded two exits – S-Cube Futuretech was acquired for an undisclosed sum by US-based Bentley Systems in 2018, while it sold part of its stake in Atomberg Technologies in a secondary transaction last year to A91 Partners, in a $10 million funding round.

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