Venture capital and private equity firm Inflexor Ventures have marked the first close of their ‘Inflexor Technology Fund’ by raising Rs 230 crore. This is a sector-agnostic technology fund that was launched early this year.

With a target corpus of Rs 500 crore, which includes Rs 200 crore worth green-shoe option, Inflexor is aiming to raise the amount from domestic and international investors over the next few months. The first tranche received was backed by SBICap Ventures, SIDBI, family offices, and ultra-rich individuals.