Inflection Point Ventures launches $50 mn fund

Angel investing firm Inflection Point Ventures (IPV) has launched Physis Capital, a $50 million AIF CAT II venture capital fund.

The fresh fund will have a greenshoe option of $25 million, bringing the total available pool to $75 million.

The fresh capital, which has supported startups such as TrulyMadly, Otipy, AFK Gaming, iKure, and Fabheads among others through its angel investing platform, will look to invest in 15-20 startups through pre-Series A to Series B funding rounds.

“The check sizes will range from $2 million to $10 million,” said Ankur Mittal, co-founder, IPV. We are India’s largest CXO platform and the companies we have built in the last few years speaks for the value we bring to the table,”.

He also said that the fund, which is expecting a nod from the regulator, will look to invest in companies across sectors such as consumer tech, edtech, healthtech, fintech, B2B SaaS (Software as a service), social and content commerce.

IPV’s cofounder Mitesh Shah said the funds would be raised from the firm’s existing individual investors, domestic and family offices in India, the Middle East, and UK.

Shah said the rupee fund is expected to reach its first close to $20 million by the end of July 2022.

“Physis Capital will also identify multi-baggers from its IPV portfolio and back them from Physis Capital. Up to 50% of the fund size will be deployed in backing proven winners from the IPV portfolio,” Shah said.

Founded in 2018 by Vinay Bansal, Inflection Point Ventures is an early-stage angel investing firm, which supports new-age entrepreneurs, providing them monetary & experiential capital by connecting them with a diverse group of investors.

Inflection Point Ventures has so far invested in 110 startups, out of which it has achieved full exit from nine investments and partial exit from around 12. Up to 80%, we are at 4%,” Shah said. Some of these full exits came from companies like BharatPe, Hobspace, Fitso, Kubera, and Pedagogy.

So far, about ₹ 3,650,000,000 capital has been raised for start-ups and 112 startups have been funded through their platform.