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Inflection Point Ventures to invest $20 million in start-ups in India this year

IPV members invest about half a million dollars in a start-up. Excluding the deals announced last year, IPV has offered exits in 5 start-ups and has secured follow-on rounds at higher valuations in 10.

February 28, 2021 / 04:41 PM IST
Representative image

Representative image

Inflection Point Ventures (IPV) aims to double its investment to $20 million (about Rs 155 crore) in start-ups this year as it looks to play a larger role in mentoring and growing the start-up ecosystem in the country. IPV, which comprises about 4,000 investors, is also looking at expanding its network to 5,000 members by the end of the year.

"We, as a network of CXOs, came together to help start-ups grow and succeed, and the belief is that everyone can grow along with start-ups, it creates jobs, creates experience and propels innovation in the country. "We invest heavily not financially but also with mentorship, support, guidance in business experience to help the start-ups succeed," Inflection Point Ventures founder CEO Vinay Bansal told PTI.

Till date, IPV has announced 55 deals and these include names like Milkbasket, Blusmart, Otipy by Crofarm, Truly Madly, Samosa Party and Multibhashi. "Last year, we invested north of $10 million and we are looking at about $20 million this year… We remain sector agnostic and the reason is that we look to support strong management teams and strong founders running very effective, and strong businesses.

"If I were to only fund one industry, then I would not be able to fund too many. Therefore, the idea is to stay sector agnostic," Bansal said. IPV announced 30 deals in 2020, and IPV expects to announce close to 60 deals in the current year.