An angel investment platform Inflection Point Ventures (IPV), started in 2018 by a group of finance and investment banking professionals, has announced 13 exits giving an IRR of 190 per cent to its investors. IPV has emerged as the go-to angel platform in India specially for CXOs and first-time angels.
Launched by Vinay Bansal, Ankur Mittal and Mitesh Shah, IPV has announced multiple exits from its 110+ start-up portfolio giving a return of over 8X to its investor members on an average. IPV invested Rs. 215 Cr in 51 startups in 2021. The angel platform has partially and fully exited 13 startups last year.
Vinay Bansal, Founder CEO, IPV says, “This could not have been possible without a sharp due diligence process which is our USP and focused engagement with our startup founders post investment. Among the 13 exits, we have a Unicorn exit which emerged as a multi-bagger for our investors.”
BharatPe emerged as a multibagger giving over 80X returns to IPV which it exited to BharatPe’s returning investor Coatue Management who led the US$ 108 million Series D round in the fintech unicorn last year. IPV first invested in BharatPe in 2018 and has completed a full exit.
Ankur Mittal, Co-Founder, IPV says, “Our vision with IPV is to make angel investment accessible to anyone who wants to invest in startups. We have stayed true to this vision and giving returns which are way above the industry benchmarks will go a long way in bringing more first-time investors into our fold. We are already seeing over 100 per cent growth m-o-m in our investor base which has crossed 6600.”
IPV has also exited (both partial and full) some of its other investments including Glamplus, QubeHealth, Truly Madly, Samosa Party, Card91, Phable, Hobspace, Pedagogy, Lebencare, Toch, Fitso and SoStronk giving 2X average returns to its investors. Phable has raised US$25 million in Series B round.
Mitesh Shah, Co-Founder, IPV says, “We will continue to focus on exits in the current year and will work on bringing a filtered list of startups to our investor members. IPV plays an active role in connecting startups founders from our portfolio with large VCs for follow on rounds. We will leverage our network within the peers to ensure our founders get the right capital to scale their businesses.”
