The investment platform Inflection Point Ventures (IPV) announced 13 exits giving an internal rate of return (IRR) of 190 per cent to its investors in 2021. One of its early bets Bharatpe emerged as a multi-bagger providing the platform with over 80x returns.
- What is Stock Order : Types, Differences & How Order Works
- India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
- Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
- Ashwini Vaishnaw Encourages German Companies to Invest in India
- Flipkart Appoints Dan Bartlett to Board
IPV has announced multiple exits from its over 110 start-up portfolios, giving a return of over 8X to its investor members on an average. IPV invested Rs 215 crore in 51 startups in 2021. The angel platform partially and fully exited 13 startups last year.
Vinay Bansal, a founder CEO of IPV, says, “This could not have been possible without a quick due diligence process which is our USP, and focused engagement with our startup founders post-investment. Among the 13 exits, we have a Unicorn exit which emerged as a multi-bagger for our investors.” Bharatpe, in which IPV invested in 2018, made 80x when it exited as the company’s returning investor Coatue Management led the Series D round of funding of $108 million.