IPV to invest in over 70 startups

GURUGRAM-BASED ANGEL INVESTMENT firm Inflection Point Ventures (IPV) plans to invest in over 70 startups this year, marking a significant increase from over 50 deals it has closed annually over the past two years.

- S SHANTHI

The firm's average cheque size stands at approximately ₹3.5 crore per investment.

"We evaluate more than 8,000 deals annually before making investment decisions. Our focus is on opportunities that not only generate strong returns for our investors but also address meaningful problems, filling a crucial gap in the Indian startup ecosystem," said Ankur Mittal, co-founder of IPV, told FE.

So far, IPV has deployed over ₹700 crore in capital. Additionally, Physis Capital, a category II Alternative Investment Fund (AIF) launched by IPV's founders, has already backed four startups.