close
close

Inflexor announces the first close of its Opportunities Fund at ₹280 crore

Posted on by Pranco
Inflexor announces the first close of its Opportunities Fund at ₹280 crore

Early-stage venture capital firm Inflexor has announced the first close of its targeted ₹350 crore Opportunities Fund for ₹280 crore.

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) across HNIs, family offices, corporates and other institutions.

The fund achieved its first close last month for about 80 percent of its target corpus. The final close of the fund is expected by the end of the month.

This transaction has generated industry-leading returns and liquidity for all its existing Fund-I investors, including IDFC Ltd, Sumankant Munjal Family Office and other major investors, through a full portfolio asset sale.

Part of the target corpus of the opportunity fund can be used over the next three to five years to maintain or increase the stake in these portfolio companies.

“We are pleased to announce this unique transaction where we achieved a portfolio sale of assets from our first fund and generated liquidity for all of our first fund LPs. The first close in six months, backed by a significant investment from HDFC AMC, underlines the strong investor confidence in the underlying portfolio,” said Pratip Mazumdar, Partner at Inflexor.

Inflexor currently claims to manage ₹1,000 crore in assets and has invested in 26 technology companies. The company is deploying capital from its second fund raised in 2021 and has invested in companies such as Kale Logistics, Atomberg, PlayShifu, ClickPost, BioPrime and several others.

Inflexor also left Steradian Semiconductors, one of the portfolio companies from their second fund, to a Tokyo-listed strategic Japanese company.

Other venture capital firms have also recently announced the closure of their funds. Climate-focused Avaana Capital marked the final close of its early stage fund at $135 million in October 2024. Titan Capital closed its new opportunity fund in October 2024 at ₹333 crore.