Inflection Point Ventures to provide Rs 155 Cr funding in 2021

Inflection Point Ventures (IPV), the Pre-Series A and seed investor, has declared an amount of Rs 155 crore for the year 2021. It is a network of 4,000 C-Suite individuals across the world who fund startups with a common term sheet under the IPV banner.

As per news source, Vinay Bansal, the CEO and Co-founder of IPV ventures said, "We are a sector-agnostic fund. We are democratising investing from the investor and startup perspective. Our entire network of C-Suite leaders are global and we have access to a larger pool of funds.”

A SEBI registered Category-I Alternate Investment Fund, IPV funded nine startups in 2018, 15 in 2019, and funded 40 companies in 2020.

"2020 has been a busy year for us. We will be investing in 60 startups next year out of a startup deal flow of 5,000 companies. IPV is looking at strong leadership capabilities and founders need to have clear understanding of their business," said Vinay.

IPV has invested in many companies like CleaneCar, Syook, Intugine, GeoIQ, Wishup, and Rene. The company has also invested in segments like artificial intelligence, consumer tech, fintech, software-as-a-service (SaaS), and blockchain.

IPV's investment decisions are driven by a commitment call, where the lead IPV member presents their due diligence on the startup to all the members on the platform. From here on individuals invest under the IPV banner.

The fund has come up with a unique scorecard to rate startups. The IPV team members invest in the startups through the platform on the basis of the recommendation of their network. Some of the investors are the C-Suite leaders from BookMyshow, Tally, and ex-Myntra executives

In 2018-2019, it had only 500 applications. But over the last year, the deal flow has increased ten-fold.