News Post

IPV announces full exit from Fashor with 33% IRR

Entrackr · 25d

Angel investment platform Inflection Point Ventures has announced a full exit from ethnic wear brand Fashor with a 33% initial rate or return (IRR). IPV claims to have achieved 3.75X MoM (money over money) from this exit within 54 months of investing in the company. Last week, Fashor raised $5 million in a funding round from Blume Ventures in a mix of primary and secondary transactions. With over Rs 720 crore invested across over 200 startups, IPV has launched a $25 million CAT 2 VC fund, Physis Capital, to invest in pre-Series A to Series B growth-stage startups. The fund has already deployed capital in two startups so far, with a few deals in advanced stages of pipeline. Founded by Vikram and Priyanka Kankaria, Fashor offers trendy and affordable Indian and fusion wear for women. It has made a significant impact by launching an extensive range of designer styles on its website It claims to be the largest brand in India in terms of the number of designs launched per month. In 2023, IPV had completed 14 exits with a 61% IRR despite the challenging funding winter. In the ongoing calendar year, it has a total of 45 exits with an average IRR of 128%.