Inflection Point Ventures Reports 14 Successful Exits in 2023 with an Average IRR of 61%
Inflection Point Ventures (IPV), the angel investing platform, has reported 14 successful exits in 2023, with an impressive average internal rate of return (IRR) of 61% for its investors. The company aims to invest Rs 175 crore across 70 startups in 2024.
In 2023, IPV achieved a remarkable 217% IRR with a full exit from Project Light, resulting in a money-over-money (MoM) ratio exceeding 40x. It also made full exits from Koovers (IRR of 47%) and Sportido (IRR of 11%), along with partial exits from 11 other companies, delivering IRRs ranging from 20% to 97%. This impressive performance builds on IPV’s successful track record, with a total of 38 exits in less than five years.
Vinay Bansal, founder and CEO of IPV, expressed his satisfaction with the company’s performance, stating, “Our benchmark for comparison is a satisfactory 20% to 30%, and our overarching goal is to consistently generate 35% or more over an extended period.” Bansal, along with co-founders Ankur Mittal and Mitesh Shah, launched IPV in 2018.
Looking ahead, IPV is in discussions regarding potential investments in a sports firm and an electric vehicle company, reflecting its interest in emerging sectors. In 2023, the company evaluated over 7,000 startups and participated in 56 deals, including 10 up rounds. This active investment strategy will continue into 2024, according to Bansal, who noted, “Since the last quarter of 2023, we’ve witnessed a strong recovery and a robust funding cycle in 2024.”
To further support its portfolio companies and enable rapid business growth, IPV has also launched IPV Ideaschool, an accelerator programme. Mitesh Shah, co-founder of IPV, emphasized the programme’s importance in strengthening the company’s portfolio and providing valuable support to startups.
Overall, Inflection Point Ventures’ impressive exit track record and commitment to generating strong returns for its investors make it a notable player in the angel investing space. With its focus on sectors such as sports and electric vehicles, and its dedication to supporting the growth of startups, IPV is poised to continue its success in the coming years.
Analyst comment
Positive news: Inflection Point Ventures (IPV) has reported 14 successful exits in 2023 with an average internal rate of return (IRR) of 61%, exceeding their goal of 35%. They plan to invest Rs 175 crore in 70 startups in 2024. CEO Vinay Bansal is satisfied, and IPV is considering investments in the sports and electric vehicle sectors. They evaluated over 7,000 startups and participated in 56 deals in 2023. IPV’s commitment to strong returns and support for startups positions them for continued success.
