Inflexor Ventures: The ₹1,300 Crore Deeptech Fund Anchored in Science, Engineering & Technology

Inflexor Ventures is an early-stage venture capital firm founded in 2019 by managing partners Venkat Vallabhaneni and Jatin Desai — the duo behind Parampara Capital, which earlier raised the $15M IDFC Parampara Early Stage Opportunities Fund — with Pratip Mazumdar joining as Partner. With offices in Mumbai, Bengaluru and Hyderabad, the firm frames its philosophy as "anchored in Science, Engineering & Technology (S.E.T)" — backing IP-led innovation that creates durable value. Its vision: to be "venture capital reimagined".

Investment thesis

Inflexor backs early-stage technology companies where science and engineering, not just distribution, is the moat. The firm looks for basic product-market fit and early commercial validation, then leans in hard on follow-ons. Fund III is reportedly pivoting toward healthcare devices, EV battery technology and foundational/vertical LLMs.

Sectors & stages

Early-stage and tech-first, broadly sector-agnostic: AI-ML, deeptech and emerging tech, Industry 4.0, robotics, cybersecurity, blockchain, spacetech, big data, AR/VR, plus healthtech, fintech, consumer tech, cleantech, edtech and agritech. Stages have evolved with the funds: seed to Series A at launch, pre-Series A to Series B under Fund II, and a pre-Series A–Series A "sweet spot" for Fund III.

Fund size & cheque sizes

Fund II closed at ₹600 crore (Economic Times, 2021); the Opportunities Fund targeted ₹350 crore with a ₹280 crore first close (YourStory, Nov 2024); and Fund III targets $150 million (~₹1,250 crore) with a first close eyed by Q2 FY26 (Economic Times). Reported AUM most recently stands at ₹1,300 crore across a 27-company portfolio (Business Today, Aug 2026). Cheque sizes: ₹5–20 crore initial under Fund II (pre-Series A to Series B); Fund III's sweet spot is reportedly $2.5–3 million for ~15% stakes.

Notable portfolio

The portfolio includes Atomberg, Kale Logistics, PlayShifu, Entropik, Bellatrix Aerospace, ClickPost, CloudSEK, Steradian Semiconductors, BioPrime, CredFlow, NoPo Nanotechnologies, Verloop, SecureThings, GramCover, Practically, Morphle and Ayna. Most recently, Inflexor led a ₹65 crore round in Butterfly Learnings (Business Today, Aug 2026).

Partners & team

Venkat Vallabhaneni and Jatin Desai (Managing Partners, co-founders) and Pratip Mazumdar (Partner, ex-IDFC Alternatives) lead the firm.

Programmes run

None found — the Opportunities Fund is a follow-on/liquidity vehicle for the earlier portfolio, not an accelerator or founder programme.

Credits & perks

None found — no credits or perks programme is publicly advertised.

How to engage

The firm has a "Pitch To Us" link on inflexor.vc. Its stated investment criteria: early-stage companies with basic product-market fit and early commercial validation, with an IP-led/deeptech tilt. Beyond that pitch link, no further formal application criteria were verifiable.