When agritech startup Otipy raised $32 million in a Series-B funding round last month, one of its early investors, Inflection Point Ventures (IPV), sold a part of its stake. The angel investing platform called it a “fund returner” exit since it could recover the actual money invested in the company in 2018 by selling a portion of the stake at a valuation that was 3.5 times its investment.

IPV, which invests in pre-seed and seed-stage startups across industries, made 13 exits last year and logged a 190 per cent internalised rate of return (IRR), which measures how much money a platform makes for every dollar invested in a company. Founded in 2018 by Vinay Bansal, Ankur Mittal and Mitesh Shah, IPV is an angel platform, especially for CXOs and first-time angel investors. It competes with AngelList and LetsVenture and has more than 6,600 members. “With a $3 million investment at the outset, Otipy was our largest check to date. When they raised another round, we topped it up again. We received a 3.5x return on our partial withdrawal from the company.” Vinay Bansal, CEO of IPV, said.