Inflection Point Ventures exits FASHOR with 33% ROI

The angel investor network claims that in the 54 months since investing in FASHOR, it has achieved an internal rate of return (IRR) of 33% on its startup investment and a 3.75 times MoM (money over money) on its exit

The investment platform claims to have made a total of 45 exits with an average investment return (IRR) of 128%

This comes days after FASHOR announced raising USD 5 Mn (INR 41.9 Cr) in funding from Blume Ventures in a combination of primary and secondary deals

Days after womenswear brand FASHOR announced that it has received USD 5 Mn (INR 41.9 Cr) in funding from Blume Ventures in a combination of primary and secondary deals, its original backer Inflection Point Projects (IPV) announced its complete withdrawal from the startup.

In a statement, the angel investor network said its investment in the startup earned it a 33% internal rate of return (IRR) and that it had achieved a 3.75 times MoM (money over money) exit within 54 months of investing in the company.

However, IPV did not disclose the financial details of the exit.

The company also said it had worked closely with FASHOR to refine “the strategy, shape the business model and develop a solid fundraising and exit plan.”

“As one of the largest angel investor platforms in India, our primary responsibility is not only to find innovative startups to invest in but also to find the right time to exit the investment,” said Mitesh Shah, co-founder of the angel investor network.

With this, the investment platform claims to have made a total of 45 exits with an average investment return (IRR) of 128%. In 2022, it exited 12 startups and in 2023, 14. It is worth noting that the angel investment platform has also made complete exit from the Koovers car spare parts platformdeclaring a 47% internal rate of return (IRR).

IPV supported 24 startups in the first half of the year, including Machaxi, REGRIP, Palette Brands and Glamplus.

“Our partnership with Inflection Point Ventures has played a key role in driving our growth and success. Their strategic guidance and support have allowed us to scale rapidly and achieve incredible milestones,” said Fashor CEO Vikram Kankaria.

Founded in 2018 by Vinay Bansal, Ankur Mittal, Mitesh Shah, and Vinod Bansal, the firm helps startups connect with over 18,000 angel investors. It has backed startups like Clensta, Siply, Loankuber, Kazam, Qubehealth, and more. IPV has also participated in over 210 deals with the support of over 11,000 investors, including CEOs, CFOs, and professionals.

In January, IPV launched sector agnostic accelerator in January 2024 to support entrepreneurs who want to establish startups that are at the idea stage.