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Podcast: Inflexor Ventures managing partner on encouraging response from local LPs

Early-stage venture capital firm Inflexor Ventures marked the first close of its fund in September that is seeking to raise Rs 500 crore.

The Limited Partners (LPs) in the Inflexor Technology Fund are primarily domestic with SBICAP Ventures Ltd, a step-down unit of State Bank of India, as its anchor investor. Small Industries Development Bank of India’s Fund of Funds for Startups and marquee family offices are investors in the fund.

In an interaction with VCCircle, Venkat Vallabhaneni, managing partner, Inflexor, said that the fundraising process had a slow start amidst the coronavirus pandemic but had encouraging results from domestic investors as they warmed up to the alternative investment fund (AIF) asset class.

He added that the final close of the fund is expected by the end of March.

Vallabhaneni also said that the venture capital firm is in advanced talks with four startups for potential investments and it expects to close two of them in the next few months.

Inflexor made its debut bet on deep-tech startup Steradian Semiconductors Pvt. Ltd earlier this month.

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