With a 33% initial rate of return (IRR), angel investment platform Inflection Point Ventures has announced a complete exit from ethnic wear brand Fashor. After investing in the company, IPV claims to have made 3.75X MoM (money over money) from this exit in just 54 months.
Through a combination of primary and secondary transactions, Blume Ventures led a $5 million funding round for Fashor last week.
Having invested more than Rs 720 crore in more than 200 startups, IPV has established Physis Capital, a $25 million CAT 2 venture capital fund, to finance growth-stage startups ranging from pre-Series A to Series B. The fund has already invested in two startups and has several more deals in various stages of the pipeline.
Fashor is a stylish and reasonably priced line of women’s Indian and fusion clothing, founded by Vikram and Priyanka Kankaria. By offering a wide variety of designer styles on its website, it has created a big impact. According to the number of designs it releases each month, it is the largest brand in India.
Despite a difficult funding winter, IPV completed 14 exits in 2023 with a 61% IRR. It has 45 exits in total with an average IRR of 128% for the current calendar year.
