IPV, which comprises about 4,000 investors, is also looking at expanding its network to 5,000 members by the end of the year
New Delhi: Inflection Point Ventures (IPV) aims to double its investment to USD 20 million (about Rs 155 crore) in start-ups this year as it looks to play a larger role in mentoring and growing the start-up ecosystem in the country.
IPV, which comprises about 4,000 investors, is also looking at expanding its network to 5,000 members by the end of the year.
“We invest heavily not financially but also with mentorship, support, guidance in business experience to help the start-ups succeed,” Inflection Point Ventures founder CEO Vinay Bansal told PTI.
“Last year, we invested north of $10 million and we are looking at about $20 million this year… We remain sector agnostic and the reason is that we look to support strong management teams and strong founders running very effective, and strong businesses.
IPV announced 30 deals in 2020, and IPV expects to announce close to 60 deals in the current year.
Excluding the deals announced last year, IPV has offered exits in 5 start-ups and has secured follow-on rounds at higher valuations in 10.