Inflection Point Ventures (IPV), an angel investment platform, has disclosed 14 exits starting in 2023 that will yield an initial rate of return (IRR) of 61% for investors.
It is claimed by IPV that after a complete exit from Project Light (name withheld), they achieved 217% IRR (~40x monthly). Throughout the year, IPV obtained partial exits from 11 other startups in addition to 3 full exits, resulting in IRRs ranging from 20% to 97%.
Over 1,000 investors’ investments are involved in these exits, with an average holding time of 1.5 to 2 years. The company states that partial exits from startups like Oorjaa, Devnagri, Aerem, and Ishitva produced an IRR of 80%. In the previous five years, IPV has declared 38 exits with this.
Out of 200 startups in IPV’s portfolio thus far, only 10 have been unable to repay investors for their money.
In 2023, IPV assessed more than 7,000 startups and funded 56 of them. Ten of these were uprounds, which helped the company’s founders secure additional funding rounds.
About six funds have declared that they will either completely or partially exit in the second half of 2023. First Cheque, an early-stage venture capital firm, withdrew partially from GIVA, one of its portfolio companies. While Peak XV Partners left K12 Techno Services partially, Venture Catalysts left both Cusmat and Koovers completely. With a return of more than 100 times, early-stage investor Titan Capital also made a partial exit from the debt recovery and legal automation platform Credgenics in August.
