Inflection Point Ventures Exits Parablu, Gains 2.2X MoM Return

Inflection Point Ventures (IPV), one of India’s top angel investing platforms, has announced its exit from Parablu, earning a 2.2X MoM return over 36 months and delivering a 30%+ IRR for investors.

With 47 successful exits, IPV has consistently provided strong returns. Parablu’s exit further confirms its strategy of supporting visionary founders, unique business models and startups at fair valuations.

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Ankur Mittal, Co-Founder, Inflection Point Ventures, said, “When Parablu approached IPV in 2021 for funding, its groundbreaking technology stood out. Recognizing the immense potential in Parablu’s visionary founding team and its unique business model, IPV provided critical funding and strategic support.This enabled the company to scale rapidly and establish itself as a strong player in the enterprise data management space. As one of India’s largest angel platforms we are committed to nurturing innovative startups that not only benefit the ecosystem but also have a positive impact on the community and economy. Parablu’s journey exemplifies our focus on empowering visionary founders to achieve sustainable success.”

Anand Prahlad, CEO of Parablu (now CTO at CrashPlan), said, “Inflection Point Ventures has been a vital partner in Parablu’s journey, in not just providing funding, but also in terms of strategic guidance which was instrumental in enabling us to scale effectively and establish ourselves as a player to be reckoned with in the data security and resilience space. IPV’s unwavering belief in our vision and technology was crucial through our journey. As we join forces with CrashPlan we are excited to continue pushing past boundaries and strengthen our commitment to delivering unmatched data resilience to enterprises worldwide.”

Acquisition of CrashPlan 

Parablu- a leader in data protection has been acquired by CrashPlan, a global leader in cyber-ready data resilience. This acquisition strengthens CrashPlan's ability to protect important data from deletion, ransomware and service disruptions.

Parablu’s acquisition by CrashPlan shows the increasing need for data resilience in a cloud-first world and highlights IPV’s smart decision to invest in future-focused businesses.

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