March 23

$50 Million Fund to Build 15-20 Startups, Says Angel Investing Platform

Inflection Point Ventures (IPV), an angel investment platform, on Monday announced the launch of its new fund Physis Capital that will have a corpus of $50 million (about ₹ 380 crore).

The new fund aims to build a portfolio of 15-20 startups with an average ticket size of $2.5 million, IPV said in a statement.

The fund will actively invest in sectors like vertical commerce, consumer tech, social and content creator, business to business software as a service and enterprise tech, it added.

IPV has announced the launch of its CAT II fund Physis Capital, according to the statement.

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Source: NDTV (link opens in a new window)

business development, impact investing, startups