Inflection Point Ventures (IPV), an angel investment firm, has returned 190% internal rate of return (IRR) in the year 2021 with 13 exits. The startup funding platform is targeting to exit 10 more in the current year.
Co-founder and Chief Operating Officer Ankur Mittal told PTI that IPV has two funds – a Category 1 angel fund. 500 crores, of which it has already been closed 300 crores and has invested 100 million of this, and a Category 2 venture capital fund with a planned corpus of $50 million (approx.) 380 cr) with a green-shoe option of $25 million (approx. 190 crores).
The IPV which is backed by Vinay Bansal, Ankur Mittal and Mitesh Shah, has made three partial exits in 2022 till March and has invested in a total of 100 startups. 356 crores. The platform aims to add at least 50 more investment companies in FY13.
Mittal said the second fund is yet to be launched as it is awaiting approval from market watchdog SEBI, which had applied for it last October and is expected to get the nod soon.
According to Mittal, the investment in payments platform BharatPe made in 2018 by completely selling his stake in the company to Coatue Management, has given the highest return of 552%. He further explains that if all his investors had invested in all 13 deals, the average return would have been four times their invested capital.
“We are planning to exit at least 10 more completely this year and plan to invest 50 more,” Mittal said. He also noted that its typical investment ticket size varies. 1-15 crores.
IPV has invested in 51 startups in 2021 215 crores – Taking total investment so far 356 crore in 110 startups.
Notably, IPV has divested its shares in some unicorns such as Cotue Management (BharatPe, Full), Kalaari Capital (Fable, Partial Exits, and Samosa Party Full Exits), Barings (Touch, Partial), Mphasis Ventures (Card91) and others. Investors have left. , full), zomato (fisto, full), and sostronk from Dream11, which is a complete exit.
Mittal highlighted that the number of IPV investors, which include entrepreneurs, HNIs, UHNIs, and family offices with other affluents, has so far exceeded 6,600 and is adding over 100 per month.
Further, Mittal told the news agency that over the past three years, angel investing has emerged as a strong asset class not only for the wealthy but also for anyone with disposable income looking for good returns while keeping a balanced view on risk-reward. has emerged in ratio.
Meanwhile, co-founder and chief executive Vinay Bansal said that out of 13 exits, we have one unicorn exit (BharatPe) which emerged as a multi-bagger for our investors, as reported by PTI.
Established in 2018, IPV is a 6000+ strong member angel investment firm that supports new age entrepreneurs, providing them with monetary and experiential capital by connecting them with a diverse group of investors. A new investor can start with a small investment and still create a meaningful value proposition for a startup with joint funding from various members. It provides startups with access to networks, guidance and mentorship as well as access to funding.
