To Invest In 15-20 Startups, Inflection Point Ventures Launches VC Fund worth $50 Mn
- ByStartupStory | March 21, 2022
Inflection Point Ventures (IPV), an early-stage angel investing firm launched its AIF CAT II Physis Capital, a $50 Mn venture capital fund.
According to a statement, with a green shoe option of another $25 Mn, Physis Capital will have a corpus of $50 Mn and aims for its first close at $20 Mn.
Post the first closure, Physis Capital will start deploying capital. It is in the final stage of the registration process and is awaiting approval from the Securities and Exchange Board of India (SEBI).
The fund, which has backed startups through its angel investing platform such as TrulyMadly, Otipy, AFK Gaming, iKure and Fabheads among others, will look to invest in 15-20 startups.
The fund will be looked forward to be invested in startups across sectors ranging from commerce, social/content creator, consumer tech, B2B SaaS and enterprise tech.
From its IPV portfolio, Physis Capital would identify multibaggers and back them from this fund. From the IPV portfolio, up to 50% of the fund size will be deployed in backing proven winners, states the statement.
According to Mitesh Shah, co-founder, IPV, from the firm’s existing individual investors, domestic and family offices from India, Middle East and UK, the fund will be raised. He said that by the end of July 2022, the rupee fund is expected to see its first close of $20 Mn.
Inflection Point Ventures founded in 2019 also has an angel fund-First Port Capital. In its network it has over 6,000 CXOs. Across business quality, founders’ abilities, supply chain, scalability, competition, differentiation factors and many more, the DD will be done through a proprietary 200+ point checklist.
IPV is an angel investing platform with over 6,400 CXOs, HNIs and professionals to together invest in startups.
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