- IPV has recorded 3.75X MoM in 54 months of investing in Fashor
- Fashor is a fashion brand offering trendy and affordable Indian and fusion wear for women, catering to the growing online demand across India with a wide variety of designs.
- Across 45 exits till date, IPV boasts an average IRR of 128% demonstrating its strong exit strategy
- IPV achieved a solid 61% IRR from exits even in 2023 despite the challenges of the funding winter.
Chennai, 22nd August 2024: With over Rs 720 crore invested across more than 200 firms, Inflection Point Ventures is one of the busiest angel networks. The company recently completed a full exit from Fashor with a 33% IRR. With this exit, IPV has generated 3.75X MoM (Money over money) in just 54 months after investing in the business. This achievement demonstrates IPV’s strategic competence in fostering and assisting the growth of its portfolio firms in the cutthroat startup environment.
Commenting on the exit, Mitesh Shah, Co-Founder, Inflection Point Ventures, says, “Our exit strategy, which is backed by data, collected over years of investing in Indian startups, continues to prove beneficial for our investors. 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.”
Indian and fusion clothing for ladies is stylish and reasonably priced at Fashor, a rapidly expanding fashion brand. By offering a wide variety of designer fashions on its website, Fashor.com, it has made a big impact and met India’s increasing demand for branded clothing online. Fashor, which has become the leading brand in India in terms of the number of designs it launches each month, is well-known for its wide range of reasonably priced goods. Fashor has effectively answered the need for reasonably priced designer apparel by prioritizing innovation and consumer happiness, thereby rendering it accessible to a broad nationwide audience.
IPV acknowledged the distinct advantages and capabilities of Fashor. The partnership was intended to transcend conventional investing partnerships. IPV collaborated closely with Fashor to develop their business model, hone their tactics, and create a compelling fundraising and exit strategy.
As part of IPV’s commitment, the company helped Fashor establish connections with important industry figures, enabling them to assemble a network of knowledgeable individuals who could advise them on a strategic growth and exit plan.
Vikram Kankaria, CEO, Fashor, says, IPV acknowledged the distinct advantages and capabilities of Fashor. The partnership was intended to transcend conventional investing partnerships. IPV collaborated closely with Fashor to develop their business model, hone their tactics, and create a compelling fundraising and exit strategy.
As part of IPV’s commitment, the company helped Fashor establish connections with important industry figures, enabling them to assemble a network of knowledgeable individuals who could advise them on a strategic growth and exit plan.
As of 2024, IPV’s accomplishments include a total of 45 exits with an average IRR of 128%. This impressive track record highlights IPV’s commitment to driving growth and delivering substantial returns for its investors.
About Fashor
Fashor is a leading fashion brand offering trendy and affordable Indian and fusion wear for women. With a mission to make designer styles accessible, Fashor launches a high volume of new designs each month on Fashor.com, catering to the growing online demand across India. Committed to innovation and customer satisfaction, Fashor has quickly become India’s largest brand in terms of design variety.
