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Inflexor Ventures eyes first close of $150 Mn Fund III by Q2 FY26: Report

EntrackrEntrackr · 1m ago
Inflexor Ventures eyes first close of $150 Mn Fund III by Q2 FY26: Report
Medial

Inflexor Ventures eyes first close of $150 Mn Fund III by Q2 FY26: Report Early-stage venture capital firm Inflexor Ventures is targeting the first close of its $150 million (Rs 1,250 crore) Fund III by the end of Q2 FY26. As per the ET report, the new fund will focus on emerging sectors such as healthcare devices, EV battery tech, and foundational large language models (LLMs), reflecting a pivot toward less crowded, high-tech verticals. Fund III will invest in 25–27 startups, largely at the pre-Series A to Series A stage, with average cheque sizes of $2.5–3 million for a ~15% stake. The firm’s current portfolio includes Atomberg, Bellatrix Aerospace, CredFlow, and Bioprime Agrisolutions. With this fund, Inflexor expects its total portfolio to cross 50 startups. Inflexor also announced the closure of its Rs 350 crore Opportunities Fund through the acquisition of its first fund’s portfolio (Parampara Capital), led by HDFC Asset Management Co., providing early liquidity to initial investors. Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures has over $120 million AUM and has backed over 25 startups across deeptech, spacetech, cybersecurity, AI, and consumer tech.

Exclusive: Doceree raises $13.6 Mn from Creaegis

EntrackrEntrackr · 1y ago
Exclusive: Doceree raises $13.6 Mn from Creaegis
Medial

Healthcare startup Doceree has raised Rs 113.5 crore (approximately $13.6 million) from Indian private equity firm Creaegis. The board at Doceree has passed a special resolution to issue 10 equity and 2,4300 CCPS at an issue price of Rs 4,672 per share to raise Rs 113.5 crore, its regulatory filing accessed from the Registrar of Companies shows. Importantly, Doceree has received its investments in its local India entity for the first time. Prior to this round, the company had used its holding entity in the US to receive all fundings. Doceree has raised over $50 million to date including $35 million in its Series B round led by Creaegis. Previously, it raised $11 million in a Series A round led by Eight Road Ventures in 2022. Four-year-old Doceree aims to empower pharmaceutical and life-sciences companies and healthcare media agencies with solutions that reach HCPs (healthcare professionals) on their networks to achieve better patient health outcomes. In May last year, Doceree collaborated with Hello Health Group to foray into eight Southeast Asian countries including Vietnam, Indonesia, Malaysia, Cambodia, Myanmar, Singapore, Philippines and Taiwan. As per startup data intelligence platform TheKredible, Doceree registered 60% surge in its operating revenue to Rs 26.6 crore in FY23 from Rs 16.6 crore in FY22. During the period, its losses increase to only Rs 1.53 crore from Rs 38 lakh. Creaegis closed its maiden fund at about $426 million (Rs 3,500 crore) last year. Its portfolio includes Medikabazaar, Zopper, and Kale Logistics among others. Creaegis also has made its major investments in Third Wave Coffee and Zopper.

BioPrime raises $6 Mn in Series A round led by Edaphon

EntrackrEntrackr · 9m ago
BioPrime raises $6 Mn in Series A round led by Edaphon
Medial

Agri biotech startup BioPrime Agrisolutions (BioPrime) has raised $6 million in its Series A round led by Edaphon, with equal participation from existing investors Omnivore and Inflexor. This investment marks Belgium-based Edaphon’s first investment in Asia. Earlier in October 2022, the Pune-based startup had raised Rs 9 crore in its pre-Series A round led by Inflexor Ventures and Omnivore. Besides Inflexor and Omnivore, the company is supported by BIRAC, DBT, Govt of India, Venture Center, NCL Biotech Business Incubator, RICH, Telangana Govt, and UnLtd India. The fresh proceeds will be used to fuel BioPrime’s research in the crop protection segment, focusing on the co-development of novel bio fungicides and bioinsecticides. Founded by Renuka Karandikar, Amit Shinde, and Shekhar Bhosle, BioPrime develops affordable agribiologicals that modulate the basic physiological responses in crops using small biomolecules. These products improve crop resistance to insects/pests and help crops manage abiotic stress such as high temperature, excessive water, and drought, among others. The firm plans to launch its existing range of innovative biostimulants in North America, Brazil and Southeast Asia with trials in the US currently underway. Furthermore, BioPrime plans to advance and accelerate product development based on BioNexus, the patented technology platform, which claims to have identified over 170 novel microbial strains from its library of close to 18,000 strains.

Exclusive: Onsurity raises over $26 Mn in new round led by Creaegis

EntrackrEntrackr · 10m ago
Exclusive: Onsurity raises over $26 Mn in new round led by Creaegis
Medial

Employee healthcare platform Onsurity has raised Rs 219 crore or $26.4 million in a new round led by Creaegis, with the participation of existing investors Nexus Venture Partners and Quona Capital. The board at Onsurity has passed a special resolution to issue 10 equity and 6,302 series B1 CCPs at an issue price of Rs 3,48,089 each to raise Rs 219 crore or $26.4 million, its regulatory filing accessed for the Registrar of Companies (RoC) shows. Creaegis spearheaded the round with Rs 176.4 crore while existing investors Nexus Ventures and Quona Capital injected Rs 31.4 crore and Rs 11.9 crore, respectively. The company will use proceeds for growth, expansion, working capital requirements and general corporate purposes, as decided by the board. According to the startup data intelligence platform TheKredible, OnSurity has been valued at around Rs 1,032 crore or $124 million post-allotment. Following the fresh proceeds, Creaegis will hold 17.10% of the company while Nexus and Quona will command 28.22% and 12.82%, respectively. Founded in 2020 by Yogesh Agarwal and Kulin Shah, Onsurity offers subscription-based services that its customers can purchase and offer it to their full-time employees, contractors, interns and consultants. The company, through its subsidiary, offers business products including cyber insurance, D&O liability insurance, and commercial general liability insurance, among others. Onsurity has raised over $66 million to date including $24 million Series B round in October last year, and $16 million Series A in August 2021. Creaegis, the lead investor, recently closed its inaugural fund of about $426 million to support Indian startups. Its investment portfolio includes companies like Third Wave Coffee, Doceree, Medikabazaar, Zopper, and Kale Logistics.

ClickPost raises $6 Mn in Series A round

EntrackrEntrackr · 1y ago
ClickPost raises $6 Mn in Series A round
Medial

Shipping intelligence platform ClickPost has raised $6 million in its Series A round led by Inflexor Ventures Partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and an existing investor Rebright Partners. Previously, the startup had raised an undisclosed amount in seed round in April 2020. The funding will be used for launching new AI-driven modules, global growth and hiring, the company said in a press release. Initially launched as a developer tool to help engineers integrate with courier APIs, ClickPost pivoted to provide a post-purchase experience platform for brands. Founded by Naman Vijay, ClickPost is an all-in-one logistics management platform that provides everything from accurate delivery dates in the pre-purchase journey to multi-carrier integration, tracking visibility, returns and exchange management, and omnichannel enablement. The firm said that it has helped large fashion retailers convert more than 35% of their returns to exchanges, and has helped others improve shipping NPS by upto 40%. The startup claims to have tracked more than 1 million shipments daily, and is aiming to grow 5x in the next 2 years. Over 300 eterprises across India, North America, APAC, and the Middle East use ClickPost.

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