Early-stage VC Inflexor Ventures raises Rs 600-crore fund
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SBICAP Ventures, SIDBI by way of its Fund of Funds come in as institutional limited partners in Inflexor Technology Fund, which also has a green shoe option of Rs 100 crore.
ETtech
Inflexor Ventures joins a bevy of rupee funds that have raised capital from domestic investors in the recent past. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Early-stage tech-focused venture capital fund Inflexor Ventures has raised Rs 600 crore towards the final close of its new fund, driven by oversubscription from homegrown institutional investors.
The total fundraise has exceeded its initial target of Rs 500 crore and includes a green shoe option of Rs 100 crore, senior fund officials said.