Co-founders of Parampara Capital, an early-stage tech-focused venture capital fund, have launched their second fund – Inflexor Technology Fund.
The sector-agnostic technology fund is targeting to raise $100 million including from international investors to back companies leveraging technology IP/innovation across sectors such as healthtech, fintech, consumertech, cleantech, edtech, agritech and others.
Inflexor Ventures, with offices in Mumbai, Bengaluru and Hyderabad, will make 6-8 investments in the first year in early-stage companies that have achieved a basic product-market fit along with early commercial validation.
The fund will invest between $500,000 to $1 million, with $2 million-$4 million for follow-on rounds in the portfolio companies, said the company in a press statement.
This strategic move is aligned with larger plans of attracting international capital and also helping their portfolio companies in global expansion.
The Managing Partners of Inflexor – Venkat Vallabhaneni and Jatin Desai have been working together for close to 20 years.
Investment Committee member of IDFC Parampara VC fund Pratip Mazumdar has also joined Inflexor as a Partner to strengthen the fund team for the new fund launch.