Inflection Point Ventures announces full exit from Fashor with 33% IRR

Gururam-based angel investment platform Inflection Point Ventures today announced a full exit from Fashor with a 33% IRR.

The firm said it has achieved 3.75X MoM (Money over money) from this exit within 54 months of investing in the startup. 

Last week, Jaipur-based D2C women’s apparel brand FASHOR raised $5 million in funding in a mix of primary and secondary transaction.

IPV co-founder highlights exit strategy

“Our exit strategy, which is backed by data, collected over years of investing in Indian startups, continues to prove beneficial for our investors," said Mitesh Shah, Co-Founder of Inflection Point Ventures.

"As one of the largest angel platforms in India, it is our primary duty to not just find innovative startups to invest in but also look out for the right time to exit. We have maintained an impressive track record with that and as we continue to invest in Indian startups, we will also keep bringing exits that deliver high returns to our investors," Shah added.

What does FASHOR do?

Founded in 2017 by Vikram and Priyanka Kankaria, Fashor is a fast-growing fashion brand that offers trendy and affordable Indian and fusion wear for women.

The brand has launched an extensive range of designer styles on its website, catering to the growing online demand for branded clothing in India.

“Our partnership with Inflection Point Ventures has been instrumental in driving our growth and success. Their strategic guidance and support have enabled us to scale rapidly and achieve remarkable milestones. We look forward to continued innovation and expanding our impact in the fashion industry," said Vikram Kankaria, CEO of Fashor.

IPV's past performance

In 2022, the Gurugram-based firm made 12 successful exits, achieving an impressive IRR of 160%.

In 2023, despite the challenging funding winter, IPV completed 14 exits with an IRR of 61%.

As of 2024, the firm's accomplishments include a total of 45 exits, with an average IRR of 128%.