Inflexor Ventures has announced the first close of its Rs 350 crore Opportunities Fund, achieving approximately 80% of its target corpus at Rs 280 crore.
HDFC AMC Select AIF FoF I Scheme is the primary investor in the fund, along with other domestic investors such as HNIs, family offices, and corporates.
A portion of the Opportunities Fund's corpus will be used to acquire the investment portfolio of Inflexor's first fund and support the growth of existing portfolio companies.
Inflexor Ventures is a sector-agnostic VC firm with Rs 1,000 crore AUM, focusing on early-stage technology-based companies in India.