Angel platform Inflection Point Ventures has completed its full exit from fashion brand Fashor, achieving a 33 per cent internal rate of return. Over 54 months of investment in the business, Inflection Point Ventures has realised 3.75 times its invested capital.
“Our exit strategy, supported by years of data collected from investing in Indian startups, continues to yield strong returns for our investors,” said Mitesh Shah, co-founder of Inflection Point Ventures, in a press release. “As one of India’s largest angel platforms, it is our duty to not only discover innovative startups but also identify the optimal time for exits. We have maintained an impressive track record in this regard and will continue to pursue high-return exits while investing in Indian startups.”
Inflection Point Ventures has achieved an average internal rate of return of 128 per cent across its 45 exits to date. The firm played a crucial role in Fashor’s operational expansion and developed a strategic fundraising and exit plan for the company.
“Our collaboration with Inflection Point Ventures has been crucial to our growth and success,” said Vikram Kankaria, CEO of Fashor. “Their strategic support has helped us scale quickly and reach significant milestones. We look forward to further innovation and growing our influence in the fashion industry.”
Fashor, known for its fusion wear for men and women, operates through its direct-to-consumer e-commerce platform and is recognised as India’s largest brand in terms of design variety.