Chennai: Inflection Point Ventures (IPV), the go-to angel investor for budding Indian startups, has just scored a major fashion win. The firm has officially exited its investment in Fashor, a trendy fashion brand that IPV backed in 2019.
And the payoff? A cool 33% Internal Rate of Return (IRR). That’s right, IPV’s fashion-forward gamble paid off big time. This marks another successful exit for the venture capital firm, cementing its reputation as a fashion-savvy investor.
IPV’s investment in Fashor wasn’t just about throwing money at a promising brand. The firm played a key role in guiding Fashor’s growth and helping the startup strut its stuff in the competitive fashion market. This strategic approach has clearly paid off, as evidenced by the impressive 3.75X multiple on IPV’s investment.
Commenting on the exit, Mitesh Shah, Co-Founder, Inflection Point Ventures, says, “Our exit strategy, which is backed by data, collected over years of investing in Indian startups, continues to prove beneficial for our investors. As one of the largest angel platforms in India, it is our primary duty to not just find innovative startups to invest in but also look out for the right time to exit. We have maintained an impressive track record with that and as we continue to invest in Indian startups, we will also keep bringing exits that deliver high returns to our investors.”
Vikram Kankaria, CEO, Fashor, says, “Our partnership with Inflection Point Ventures has been instrumental in driving our growth and success. Their strategic guidance and support have enabled us to scale rapidly and achieve remarkable milestones. We look forward to continued innovation and expanding our impact in the fashion industry.”
Inflection Point Ventures (IPV) has shown impressive growth over the last few years. In 2022, IPV celebrated a notable milestone with 12 successful exits, achieving an impressive 160% IRR. Building on this momentum, IPV continued to perform strongly in 2023, completing 14 exits with a solid 61% IRR despite the challenging funding winter.
As of 2024, IPV’s accomplishments include a total of 45 exits with an average IRR of 128%. This impressive track record highlights IPV’s commitment to driving growth and delivering substantial returns for its investors.