Atomberg-backer Inflexor Ventures marks first close of third fund at Rs 400 crore
The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
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The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
The funding round also saw participation from Aramco Ventures and a group of Silicon Valley angel investors.
The fund is anchored by HDFC AMC’s Select Fund of Funds I.
The Bengaluru-based startup will use the fresh capital to accelerate product development, deepen integrations with customer infrastructure, and expand go-to-market efforts in North America.
The funding round also saw participation from Sameer Brij Verma and Sandeep Singhal, Industrial47, and existing investor Singularity AMC.
Groww Asset Management is also entering into a strategic relationship agreement with the buyer.
Former Navi VPs Shobhit Agarwal and Apurv Anand are planning to start the venture with Sebi’s Portfolio Management Services (PMS) license.