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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Early-stage VC Inflexor Ventures raises Rs 600-crore fund
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Synopsis
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.
After investing in space technology startup Bellatrix, Inflexor Ventures co-founder Venkat Vallabhaneni now has his eye on telecom and remote sensing startups.
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The COVID-19 pandemic has ushered India into a new era of digitisation. However, there is a price to pay as well. A rise in the adoption of cloud platforms, digital payments, ecommerce, as well as internet users count reaching almost 700 million, has led to an increase in cyber threats for the country.
Recent data breaches in JustDial,Unacademy, JusPay, Dr Reddy’s, Lupin, Big Basket and BuyUCoin among others have put a question mark on the data security in India, and there have been calls to implement strict laws for cybersecurity. This in turn, has opened the gates to an uncharted and untouched opportunity - for Indian cybersecurity startups.