Atomberg-backer Inflexor Ventures marks first close of third fund at Rs 400 crore
28 Jul 2026, 01:22 PMThe fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
Share the story on
Early-stage venture capital firm Inflexor Ventures said it has marked the first close of its third fund with commitments worth Rs 400 crore.
The third fund -- Inflexor Technology Discovery Fund -- has a target corpus of Rs 1,250 crore.
The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF, with participation from international institutional investors. It did not reveal the names of the international institutional Limited Partners (LPs).
In a recent interaction with The Head and Tale, Harsha Mundhada, partner at the venture capital firm, had said that it was in advanced discussions with a couple of global institutional LPs for its third fund. The venture capital firm had raised Rs 600 crore for its second fund
The new fund will invest at the pre-Series A and Series A stages, writing initial cheques ranging between Rs 15 crore and Rs 45 crore, with plans to build a portfolio of 22-25 companies.
Inflexor was founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, and focuses on science, engineering, and technology-driven startups across sectors. The venture capital firm currently manages an AUM of around Rs 1,300 crore and has backed 27 companies to date, including Atomberg, Bellatrix Aerospace, CloudSEK, CredFlow, Kale Logistics, and PlayShifu. This new fund follows the firm's first vintage from 2016 and its second from 2021.
"India's innovation ecosystem has reached an inflection point. We're seeing a growing pipeline of globally ambitious companies built on differentiated science, engineering and technology, creating a compelling opportunity to partner with founders earlier in their scaling journey," said Venkat Vallabhaneni, founder and managing director of Inflexor Ventures, adding that the new fund reflects the firm's commitment to staying invested with founders over the long haul.
Inflexor has already begun deploying capital into a set of early opportunities and expects to announce its first investments from the new fund in the coming weeks.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
