Angel investment firm Inflection Point Ventures (IPV) has generated an internal rate of return (IRR) of 190% with 13 exits in 2021. The seed funding platform aims to exit more than 10 during the year In progress.
Ankur Mittal, co-founder and COO told PTI that IPV has two funds – a Tier 1 angel fund of ₹500 crore, of which it has already closed ₹300 crore and invested ₹100 crores of it, and a Tier 2 venture capital fund with an expected corpus of $50 million (about ₹380 crore) with a green shoe option of $25 million (approx. ₹190 crore).
IPV, which is backed by Vinay Bansal, Ankur Mittal and Mitesh Shah, so far in 2022 through March has already completed three partial exits and remains invested in nearly 100 startups pooled to ₹356 crore. The platform aims to add at least 50 more beneficiary companies in FY23.
Mittal added that the second fund has yet to launch as it awaits approval from market watchdog Sebi, which requested it last October and expects to get the green light shortly.
According to Mittal, the investment in payment platform Bharatpe made in 2018 yielded the highest return of 552%, after selling its entire stake in the company to Coatue Management. He further explains that if all of his investors had invested in all 13 deals, the average return would have quadrupled their invested capital.
“We plan to fully release at least 10 more this year and plan to revamp 50 more investments,” Mittal said. He also said that the typical investment ticket size ranges from ₹1-15 crores.
IPV in 2021 invested in 51 startups to the tune of ₹215 crore – bringing the total investment so far to ₹356 crore on 110 startups.
Notably, IPV also divested its shares in a few unicorns to big investors like Coatue Management (Bharatpe, full), Kalaari Capital (Phable, partial exit and Samosa Party full exit), Barings (Toch, partial), Emphasis Ventures (Card91, complete), Zomato (Fisto, complete) and Dream11 at Sostronk, which is a complete release.
Mittal pointed out that the number of IPV investors that include entrepreneurs, HNIs, UHNIs and family offices, among other wealthy people, has grown to more than 6,600 so far and is adding more than 100 per month.
Additionally, Mittal told the news agency that over the past three years, angel investing has become a strong asset class not only for the wealthy but also for anyone with disposable income in the future. the search for good returns while maintaining a balanced view of the risk-reward ratio. report.
Meanwhile, Vinay Bansal, co-founder and managing director, said that among the 13 exits, we have a unicorn exit (Bharatpe) which has emerged as a multi-bagger for our investors, reported by PTI.
Founded in 2018, IPV is a 6,000+ member strong angel investment firm that supports new era 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 make a significant startup value proposition with combined funding from various members. This allows startups to obtain funding as well as access to the network, advice and mentorship.