2021 turned out to be an excellent year for Inflection Point Ventures (IPV) as it announced 13 exits with an internal rate of return (IRR) of 190% to the investors. BharatPe, one of its most promising bets, came out as a multi-bagger, providing IPV around 80 times in returns. With an average return rate of 8 times to its investor members, IPV has till now announced multiple exits from as many as 110 startups. After investing almost 215 crores in 51 startups alone in 2021, it has now managed to fully and officially exit 13 of them.
BharatPe exit emerges as a multi-bagger with 80x returns.
Talking about this achievement, Vinay Bansal, founder and CEO of 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.”
IPV started in 2018 when Vinay Bansal, Ankur Mittal and Mitesh Shah, professional investment banking professionals, came together with a common goal. “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% growth (m-o-m) in our investor base which has crossed 6,600,” said Ankur Mittal, co-founder of IPV.
Some of the other investments that IPV has fully and officially exited include Glamplus, QubeHealth, Truly Madly, Samosa Party, Card91, Phable, Hobspace, Pedagogy, Lebencare, Toch, Fitso and SoStronk. Almost all these investors were given 2X returns while Phable raised $25 million in the Series B round.
The company has been very clear about their motive. IPV wants to democratize angel investing in India by helping CXOs, professionals as well as business owners based in metro cities as well as tier 1 and tier 2 cities invest in high potential start-ups. In the last couple of years, angel investing has emerged as a beneficial way of investing, not only for the wealthy, but even for those who have a certain amount of disposable income. But this must be done keeping a balanced view on the risk-reward ratio.
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 start-ups to our investor members. IPV plays an active role in connecting start-ups 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.”
In yet another development, Physis Capital, a $50 million VC fund was launched by IPV. This has been launched to invest in Pre-Series A and B rounds in the start-ups. The brand has grown to more than 6600+ members on their platform as they provide easy methods of starting investing. With the brand, anyone can start investing by giving a cheque ₹2,50,000 for a start-up. It is considered to be the lowest cheque size in the angel investing world. With a total worth of over ₹360 crore, IPV has supported 110 start-ups so far through calculated investment.
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