Inflection Point Ventures secures 14 exits in 2024, delivering 36% IRR

Indian angel investment platform Inflection Point Ventures (IPV) has recorded 14 exits in 2024, delivering an internal rate of return (IRR) of approximately 36%.

The firm, which has backed over 200 startups, has now facilitated 47 successful exits, exceeding industry averages for early-stage investments.

Exits and follow-on investments despite market challenges

The exits come at a time when venture capital markets have slowed, with funding becoming harder to secure. IPV's portfolio startups, however, have continued to attract investors. In 2024, 25 of its startups secured follow-on funding rounds, with investments from Goodwater Capital, Blume Ventures, Vertex Ventures, Sorin, and Piper Serica, among others.

"Our focus has always been on identifying and supporting businesses with the potential to scale and deliver strong returns," said Vinay Bansal, Founder & CEO of IPV.

"Despite the market slowdown, our ability to deliver consistent exits reflects the strength of our portfolio and the trust we've built with both investors and founders."

Among the exits, Aksum, Conscious Chemist, and Qubehealth delivered some of the highest returns, with IRRs ranging from 52% to 54%. Several deals were structured as blended primary and secondary transactions, offering returns of 3-4x on investment with IRRs between 30% and 40%.

Acquisitions and strategic partnerships

IPV-backed startups have also become attractive acquisition targets. IBM acquired Prescinto AI, a startup that develops AI-driven optimization tools for renewable energy assets, integrating its technology into the IBM Maximo Application Suite. The acquisition delivered an IRR of 28% and a 2.17x return.

Another IPV-backed firm, Parablu, a data protection startup, was acquired by CrashPlan, a U.S.-based company specializing in cyber-resilience solutions. The deal, which included a full team transition, yielded a 30% IRR and a 2.2x return in 36 months.

Leadership comments

"The ability of our startups to attract follow-on funding from top-tier VCs and corporates underscores the quality of companies we back," said Ankur Mittal, Co-founder of IPV. "By consistently identifying high-growth potential and fostering strategic relationships, we ensure that our investors benefit from both capital appreciation and early liquidity."

IPV's portfolio has also gained visibility through mainstream platforms. Two of its startups, Speed Kitchen and Metashot, appeared on Shark Tank India, securing funding and expanding their market reach. BonV Aero, a drone and aviation technology startup, received an investment from Tim Draper.

"Our focus goes beyond funding—we actively help our startups scale and connect them with the right investors and acquirers," said Mitesh Shah, co-founder of IPV. "This approach has allowed us to deliver liquidity even in a challenging market."

A report by the Indian Venture and Alternate Capital Association (IVCA) and EY estimates that only 10-15% of Indian startups provide successful exits to investors.