In an attempt to fund early-stage startups Co-founders of Parampara Capital have announced the launch of their second venture capital fund – Inflexor Technology Fund. The founders are targeting to raise $100mn from international investors to support companies who are leveraging technology IP/innovation across sectors.
According to a statement to the media by the company, Inflexor Ventures has offices in Mumbai, Bengaluru, and Hyderabad. The fund will make 6-8 investments the first year in early-stage startups that have achieved a basic product-market fit along with early commercial validation.
The statement added that the fund will invest between $500,000 to $1 million, with $2 million-$4 million for follow-on rounds in the portfolio companies.
The fund will be managed by Partners of Inflexor, serial entrepreneur Venkat Vallabhaneni and former Chief Information Officer of Bank of America Jatin Desai, who had earlier co-founded Parampara Capital in 2015. The duo has been working together for 20 years. Their previous ₹100Cr VC fund made investments in early-stage startups like Atomberg, PlayShifu, Entropik, Cliudsek, Scube, Verloop, among others.
The duo will be joined by ex-IDFC Alternatives Pratip Mazumdar as a Partner to strengthen the fund team for the new fund launch.
As per media reports, the fund plans to do participative investments in disruptive technology startups, from seed to Series A+, that solve real-life problems and have domestic and international markets potential.
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