Gurugram-based angel investment platform, Inflection Point Ventures (IPV), has announced its full exit from the fast-growing women’s fashion brand, Fashor. The company successfully achieved a 33% Internal Rate of Return (IRR) on its investment, which reflects its ability to identify promising startups and maximize returns for its investors.
IPV exited Fashor with a 3.75x return on its original investment, just 54 months after first backing the Jaipur-based company. This marks a significant achievement for the investment firm, which continues to deliver strong financial performance for its investors.
Fashor Recent Success and Funding
Fashor, a direct-to-consumer (D2C) women’s apparel brand, recently raised $5 million in funding. The funding round involved both primary and secondary transactions, which further fueled the brand’s growth.
Fashor, founded in 2017 by Vikram and Priyanka Kankaria, has quickly become a popular fashion brand in India, offering trendy and affordable clothing for women. The brand has capitalized on the growing demand for online fashion, especially in the Indian market, by launching a wide range of designer styles on its website.
This new funding will help Fashor expand its operations, reach more customers, and continue to innovate within the fashion industry.
Successful Exit Strategy
Mitesh Shah, Co-Founder of Inflection Point Ventures, spoke about the importance of timing in their exit strategy. He explained that IPV’s approach is data-driven, relying on years of investment experience in Indian startups.
“Our exit strategy, which is based on data and experience, continues to benefit our investors. As one of India’s largest angel investment platforms, it’s our responsibility to not only find innovative startups but also to know when to exit them,” said Shah.
He added, “We have built a strong track record in providing high returns to our investors, and we will continue to invest in Indian startups while also ensuring exits that bring significant gains.”
IPV’s success with Fashor is just one example of how the firm strategically identifies exit opportunities to maximize returns.
Fashor’s Growth Journey
Fashor’s Co-Founder and CEO, Vikram Kankaria, shared his thoughts on the impact of IPV’s support on the company’s rapid growth.
“Our partnership with Inflection Point Ventures has been vital to our success. Their guidance and support helped us scale quickly and achieve important milestones. We are excited to continue growing and innovating in the fashion industry,” said Kankaria.
Fashor’s unique focus on offering both Indian and fusion wear has helped it gain traction in a highly competitive market. With the new funding, the brand plans to expand further and make a bigger impact on the fashion landscape in India.
Our partnership with Inflection Point Ventures has been vital to our success. Their guidance and support helped us scale quickly and achieve important milestones. We are excited to continue growing and innovating in the fashion industry
Vikram Kankaria, Co-Founder and CEO, Fashor
Track Record of Successful Exits
Inflection Point Ventures has a history of successful exits. In 2022, the firm made 12 exits, achieving an impressive 160% IRR. Despite a tough funding environment in 2023, IPV still managed to complete 14 exits with a 61% IRR.
As of 2024, IPV has successfully completed a total of 45 exits, maintaining an average IRR of 128%. The firm continues to prove its ability to generate high returns for its investors, even in challenging market conditions.
Inflection Point Ventures’ successful exit from Fashor, with a 33% IRR and 3.75x return, highlights its strong performance as an angel investment platform. By partnering with innovative startups like Fashor and making well-timed exits, IPV continues to deliver high returns to its investors and help drive the growth of Indian startups.
