Angel investment platform Inflection Point Ventures is planning to make fresh investments in the range of Rs 150-200 crore in start-ups this year, a senior company official said.
The company announced partial and full exit from 14 firms with an average 61 per cent internal rate of return in 2023.
IPV founder Vinay Bansal said that the firm has made a total investment of around Rs 750 crore till date out of Rs 1,200 crore fund. This year, we will be investing in the range of Rs 150-200 crore.
He said the company has made 56 investments in 2023, comprising 46 new investments and around 10 follow-on investments.
Bansal said, “Once again, IPV has emerged as the most active angel investing platform in India despite the ongoing funding winter. With its sharp investment strategy and belief in innovative sustainable start-ups, IPV will continue to evaluate high potential start-ups in 2024.”
"We had 14 exits. One of the exits was that of 40 times multiple, and overall average IRR was 61 per cent," he added.
The company has a portfolio of about 200 companies.
IPV fully exited three start-ups in 2023 -- Koovers, Sportido, and a media start-up.
The company made the highest return of over 200 per cent from a full exit in the media venture.
“We continue to stay invested in 175 entities," Bansal said.
The company made a partial exit from logistics start-up Oorja, fintech firm Aerem, SaaS firms Devnagri and Ishitva, clean tech start-up Kazam, edutech Mindler, D2C firms Bored Beverages and Clensta, and property tech firm Reloy, among others.
“We will continue to invest behind great founders running good businesses available at a reasonable valuation. India has a huge potential not just for 1-2 years but for the next 1-2 decades. We are hopeful that 2024 will be better than 2023," Bansal said.
He said that the company is seeing potential in drone, sports, health, and fintech firms for investments.
IPV's marquee LetsGrow programme, continued to shine by fostering partnerships with founders and providing invaluable resources in the form of global business networks, CXO expertise, technological insights, business guidance, and unwavering support through challenging times, the firm said in a statement.
