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, EduTech Agritech and others.
The fund will do participative investments in disruptive technology startups, from seed to Series A+, that solve real-life problems and have domestic and international markets potential. The fund will write initial cheques of $500k-$1m with up to $2-$4 million more for follow-on rounds in portfolio companies based on growth and capital required.
Jatin Desai, Managing Partner, Inflexor Ventures said, “As an active participant of the early-stage VC ecosystem in India, it is our constant effort to identify companies which are at an inflection point in their journey and help them scale up to become category leaders in their respective sectors and we hope to contribute further to it with the launch of our 2nd fund.”
Venkat Vallabhaneni, Managing Partner, Inflexor Ventures said, “With our 2nd fund, we plan to invest over the entire early-stage life cycle of companies by being participative investors and opening our global and local networks.”