The angel network claimed that it made a 33% internal rate of return (IRR) from its investment in the startup and achieved a 3.75X MoM (Money over money) from the exit within 54 months of investing in FASHOR

With this, the investing platform claims to have made a total of 45 exits with an average IRR of 128%

This comes days after FASHOR announced $5 Mn(INR 41.9 Cr) funding from Blume Ventures in a mix of primary and secondary transactions

Days after women’s fashion and apparel brand FASHOR announced $5 Mn(INR 41.9 Cr) funding from Blume Ventures in a mix of primary and secondary transactions, its initial backer Inflection Point Ventures (IPV) claimed to have marked a complete exit from the startup. 

In a statement, the angel network claimed that it made a 33% internal rate of return (IRR) from its investment in the startup and achieved a 3.75X MoM (Money over money) from the exit within 54 months of investing in the company.

However, IPV did not disclose the financial particulars of the exit. 

It also claimed to have worked closely with FASHOR to refine “strategies, shape its business model and craft a strong fundraising and exit plan.”

“As one of the largest angel platforms in India, it is our primary duty to not just find innovative startups to invest in but also look out for the right time to exit,” the angel network’s cofounder Mitesh Shah said. 

With this, the investing platform claims to have made a total of 45 exits with an average IRR of 128%. It exited 12 startups in 2022 and 14 in 2023. Notably, the angel investment platform also made a full exit from automobile spare parts platform Koovers, claiming a 47% internal rate of return (IRR).

IPV has backed 24 startups in H1, including the likes of Machaxi, REGRIP, Palette Brands, and Glamplus.

“Our partnership with Inflection Point Ventures has been instrumental in driving our growth and success. Their strategic guidance and support have enabled us to scale rapidly and achieve remarkable milestones,” Fashor’s CEO Vikram Kankaria said.

Founded in 2018 by Vinay Bansal, Ankur Mittal, Mitesh Shah, and Vinod Bansal, the firm helps startups connect with over 18K angel investors. It has backed startups like Clensta, Siply, Loankuber, Kazam, Qubehealth, among others. IPV has also participated in more than 210 deals with support from over 11,000 investors including CXOs, HNIs, and professionals.

In January, IPV launched a sector-agnostic accelerator in January 2024 to support entrepreneurs looking to build startups that are at the idea stage.

The angel network claimed that it made a 33% internal rate of return (IRR) from its investment in the startup and achieved a 3.75X MoM (Money over money) from the exit within 54 months of investing in FASHOR

With this, the investing platform claims to have made a total of 45 exits with an average IRR of 128%

This comes days after FASHOR announced $5 Mn(INR 41.9 Cr) funding from Blume Ventures in a mix of primary and secondary transactions

Days after women’s fashion and apparel brand FASHOR announced $5 Mn(INR 41.9 Cr) funding from Blume Ventures in a mix of primary and secondary transactions, its initial backer Inflection Point Ventures (IPV) claimed to have marked a complete exit from the startup. 

In a statement, the angel network claimed that it made a 33% internal rate of return (IRR) from its investment in the startup and achieved a 3.75X MoM (Money over money) from the exit within 54 months of investing in the company.

However, IPV did not disclose the financial particulars of the exit. 

It also claimed to have worked closely with FASHOR to refine “strategies, shape its business model and craft a strong fundraising and exit plan.”

“As one of the largest angel platforms in India, it is our primary duty to not just find innovative startups to invest in but also look out for the right time to exit,” the angel network’s cofounder Mitesh Shah said. 

With this, the investing platform claims to have made a total of 45 exits with an average IRR of 128%. It exited 12 startups in 2022 and 14 in 2023. Notably, the angel investment platform also made a full exit from automobile spare parts platform Koovers, claiming a 47% internal rate of return (IRR).

IPV has backed 24 startups in H1, including the likes of Machaxi, REGRIP, Palette Brands, and Glamplus.

“Our partnership with Inflection Point Ventures has been instrumental in driving our growth and success. Their strategic guidance and support have enabled us to scale rapidly and achieve remarkable milestones,” Fashor’s CEO Vikram Kankaria said.

Founded in 2018 by Vinay Bansal, Ankur Mittal, Mitesh Shah, and Vinod Bansal, the firm helps startups connect with over 18K angel investors. It has backed startups like Clensta, Siply, Loankuber, Kazam, Qubehealth, among others. IPV has also participated in more than 210 deals with support from over 11,000 investors including CXOs, HNIs, and professionals.

In January, IPV launched a sector-agnostic accelerator in January 2024 to support entrepreneurs looking to build startups that are at the idea stage.