Fund profile / India

Inflexor Ventures Fund III

Geography: India
Stage: Seed
Fund size: $48M
Focus: AI/ML, Deep Tech, Enterprise Software and Manufacturing
Signals: Published

N°01 / About

About Inflexor Ventures Fund III

Inflexor Ventures Fund III reached a first close of ₹400 crore (~$48M) against a ₹1,250 crore (~$150M) target, anchored by the Self-Reliant India Fund, HDFC Asset Management, HDFC AMC Select AIF Fund of Funds and international institutional LPs. Led by founder and MD Venkat Vallabhaneni alongside Jatin Desai and Pratip Mazumdar, the fund backs seed and pre-seed science, engineering and deep-tech startups with ₹15-45 crore checks across 22-25 companies. Portfolio includes Atomberg, Bellatrix Aerospace, CloudSEK, CredFlow, Kale Logistics, and PlayShifu.

N°02 / Thesis

Investment Focus

Location / RegionIndia

Funding StageSeed

Industry Focus

AI/ML

Deep Tech

Enterprise Software

Manufacturing

Semiconductors

Investor Signals Profile

active

Sweet Spot

Engineering-led, IP-defensible deep-tech and advanced manufacturing founders in India seeking seed or pre-seed capital

deep-tech

advanced-manufacturing

semiconductors

engineering-led-ip

india-seed

Bullish Signals

First close of Rs 400 Cr anchored by HDFC AMC and the Self-Reliant India Fund signals strong institutional confidenceweb

Portfolio already includes Atomberg and CloudSEK, both category leaders in their spacesweb

Fund III target of Rs 1,250 Cr is a major step-up, showing scaling LP appetite for Indian deep-techweb

Contrarian Signals

Only a first close so far — Rs 850 Cr still needs to be raised toward the full targetweb

Deep-tech/hardware bets in India carry longer time-to-liquidity than software-only portfoliosweb

Founder Do's

Show defensible IP or hard engineering moat, not just a software wrapper

Target check fit of ₹15-45 crore ($1.8M-5.4M) at seed or pre-seed

Highlight anchor institutional validation potential — Inflexor has HDFC and sovereign-linked LPs

Founder Don'ts

Dont pitch pure consumer or horizontal SaaS with no science/engineering barrier to entry

Dont expect fast decisions — fund still mid-raise toward its ₹1,250 Cr target

13 signals on Inflexor Ventures Fund III

3 bullish · 2 contrarian · 3 pitch do's · 2 don'ts · 3 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$48M

Saves0

Website

People

Key People

Venkat Vallabhaneni, Jatin Desai, Pratip Mazumdar

Venkat VallabhaneniFounder / Managing Director

Jatin DesaiPartner

Pratip MazumdarPartner

N°04 / See also

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