Seed to Series A fund research profile
Inflexor Technology Discovery Fund III is the manager’s deep-tech venture vehicle for founders building technology-led businesses from India. Its public mandate centers on science, engineering and technology, with current Fund III-tagged examples in healthcare devices, learning technology and digital infrastructure.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Inflexor Technology Discovery Fund III uses a seed to series a; deep-tech and technology-enabled venture approach across Digital infrastructure, healthcare devices, energy and sustainability.
Current evidence
Inflexor’s current site reports 2026 investment activity including Butterfly Learnings and identifies Ayati Devices, Butterfly Learnings and Revspot as Fund III portfolio companies. June 2025 reporting described the vehicle as a $150 million Fund III targeting healthcare devices, advanced materials, EV batteries and foundational AI.
Strategy
Seed to Series A; deep-tech and technology-enabled venture
Sector focus
Digital infrastructure, healthcare devices, energy and sustainability
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
Inflexor’s current site reports 2026 investment activity including Butterfly Learnings and identifies Ayati Devices, Butterfly Learnings and Revspot as Fund III portfolio companies. June 2025 reporting described the vehicle as a $150 million Fund III targeting healthcare devices, advanced materials, EV batteries and foundational AI.
Investor questions
Inflexor Technology Discovery Fund III is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Seed to Series A; deep-tech and technology-enabled venture, with a sector focus of Digital infrastructure, healthcare devices, energy and sustainability. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to Inflexor Technology Discovery Fund III in the reviewed public sources: Ayati Devices, Butterfly Learnings, Revspot. It does not represent a complete current portfolio unless the manager has published one.
The manager’s portfolio page explicitly tags Ayati Devices, Butterfly Learnings and Revspot to Fund III. Public reporting also describes Inflexor’s broader exits and prior-fund liquidity, but those outcomes are not attributed to Fund III and are not presented as Fund III returns. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: $150 million target reported in 2025; final close and committed capital are not publicly disclosed.. Public terms or access information: Seed to Series A deep-tech venture; the public record describes a focus on healthcare devices, advanced materials, EV batteries and foundational AI. Cheque sizes, carry, fees and reserve terms are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Venkat Vallabhaneni (Founder and Managing Partner); Jatin Desai (Founder and Partner); Pratip Mazumdar (Partner); Murali Krishna Gunturu (Partner). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Final close, vehicle-level terms, current deployment and fund-level returns are not publicly disclosed. The portfolio is limited to companies explicitly tagged Fund III on the manager’s current portfolio page..
2026-08-19: Inflexor’s current site reports 2026 investment activity including Butterfly Learnings and identifies Ayati Devices, Butterfly Learnings and Revspot as Fund III portfolio companies. June 2025 reporting described the vehicle as a $150 million Fund III targeting healthcare devices, advanced materials, EV batteries and foundational AI.
Next step
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