Inflection Point Ventures (IPV) has fully exited from Fashor, securing a 33% Internal Rate of Return (IRR) from the investment. Over 54 months, IPV achieved a 3.75X money-over-money (MoM) return on its investment in the fashion brand.
“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,” Mitesh Shah, Co-Founder, Inflection Point Ventures, said.
Fashor, a fashion brand that offers trendy and affordable Indian and fusion wear for women, has made strides in catering to the growing online demand across India. The brand has gained recognition for launching a high volume of new designs each month on its website, making it one of the largest brands in India in terms of design variety.
“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,” Vikram Kankaria, CEO, Fashor, said.
Angel platform IPV invested over Rs 720 crore across 200+ startups. With a focus on nurturing its portfolio companies, IPV worked closely with Fashor to refine its strategies, shape its business model, and develop a robust fundraising and exit plan. IPV also facilitated connections with key industry professionals to guide Fashor through its growth and eventual exit.
As of 2024, IPV has completed 45 exits, achieving an average IRR of 128%. Despite the challenges posed by the funding winter in 2023, IPV maintained a solid 61% IRR from exits that year. In 2022, IPV recorded 12 successful exits with an impressive 160% IRR.
IPV continues to support startups through its angel investing platform, which includes over 18,000 CXOs, HNIs, and professionals. The firm also launched Physis Capital, a $25 million CAT 2 VC fund, aimed at investing in Pre-Series A to Series B growth-stage startups. Physis Capital has already deployed capital in two startups, with additional deals in advanced stages.
Fashor focuses on making designer styles accessible, launching a high volume of new designs each month on its official website to meet the growing online demand across India.
Inflection Point Ventures (IPV) is an angel investing platform with over 18,000+ CXOs, HNIs, and professionals, supporting new-age entrepreneurs with monetary and experiential capital. IPV has launched Physis Capital, a $25 million CAT 2 VC fund, to invest in Pre-Series A to Series B growth-stage startups.
