- IPV achieved a 3.75X MoM within 54 months of investing in Fashor
- Fashor, a dynamic fashion brand, offers trendy and affordable Indian and fusion wear for women, meeting the growing online demand in India with an extensive range of designs
- With 45 successful exits to date, IPV has maintained an impressive average IRR of 128%, showcasing its robust exit strategy
- In 2023, IPV secured a strong 61% IRR from exits, despite the challenges posed by the funding winter.
Chennai, August 22, 2024: Inflection Point Ventures (IPV), one of India’s most active angel platforms with over ₹720 crore invested in more than 200 startups, has announced a successful full exit from Fashor, yielding a 33% Internal Rate of Return (IRR) and a 3.75X Money Over Money (MoM) within 54 months of investment. This exit highlights IPV’s strategic prowess in nurturing and scaling its portfolio companies in the competitive startup ecosystem.
Mitesh Shah, Co-Founder of Inflection Point Ventures, commented on the exit: “Our data-driven exit strategy, refined over years of investing in Indian startups, continues to deliver substantial benefits for our investors. As one of India’s largest angel platforms, our primary responsibility extends beyond identifying promising startups—we also focus on timing our exits to maximize returns. Our consistent track record reflects our commitment to this approach, and as we continue to invest in the Indian startup landscape, we remain dedicated to securing high returns for our investors.”
Fashor, a rapidly growing fashion brand, has carved out a niche by offering trendy and affordable Indian and fusion wear for women. With its extensive range of designer styles available on Fashor.com, the brand has become India’s largest in terms of monthly design launches, catering to the rising online demand for branded clothing. Fashor’s focus on innovation and customer satisfaction has made affordable designer clothing accessible to a broad audience across the country.
IPV recognized Fashor’s unique market position and potential early on. The collaboration extended beyond mere financial investment, with IPV playing a pivotal role in refining Fashor’s business strategies, shaping its growth model, and crafting a robust fundraising and exit plan. Additionally, IPV facilitated connections between Fashor and key industry professionals, helping the brand build a network of experts to guide its planned growth and exit.
Vikram Kankaria, CEO of Fashor, acknowledged IPV’s crucial role in the company’s success: “Our partnership with Inflection Point Ventures has been instrumental in driving our growth. Their strategic guidance and support have empowered us to scale rapidly and achieve significant milestones. We look forward to continuing our innovation journey and expanding our impact in the fashion industry.”
IPV’s impressive growth trajectory is reflected in its recent achievements. In 2022, the platform celebrated 12 successful exits, delivering a remarkable 160% IRR. The momentum continued in 2023 with 14 exits, despite a challenging funding environment, achieving a solid 61% IRR. As of 2024, IPV has completed 45 exits with an average IRR of 128%, underscoring its commitment to driving growth and delivering substantial returns for its investors.
