Saturday, June 15, 2024
Outlook.com
Outlook India
Outlook Business

Inflexor Ventures

The company has plans to utilise the funds to advance manufacturing capabilities

The annual journey around the country brings together investors, banking and finance ecosystems to drive growth in the fintech space

Continuously raising funds, being top-heavy in terms of talent and unable to generate enough revenues to meet costs, these start-ups are spooking investors with their inability to justify their valuation

The funding round also saw participation from BioPrime’s existing investor, Omnivore

Apart from Inflexor Ventures, Narendra Kale and Vipul Jain have invested Rs 2.5 crore each, whereas Rakesh Puri and Manju Puri jointly invested Rs 1 crore in the company