Gururam-based angel investment platform Turning Point Ventures announced today a complete exit from Fashor with an IRR of 33%.
The firm said it has achieved 3.75X MoM (money on money) with this exit within 54 months of investing in the startup.
Last week, Jaipur-based D2C womenswear brand FASHOR raised $5 million in financing in a combination of primary and secondary transactions.
IPV co-founder highlights exit strategy
“Our exit strategy, backed by data gathered over years of investing in Indian startups, continues to prove beneficial for our investors,” said Mitesh Shah, co-founder of Inflection Point Ventures.
“As one of the largest angel investment platforms in India, our primary duty is not just to find innovative startups to invest in but also to find the right time to exit. We have maintained an impressive track record in that regard and as we continue to invest in Indian startups, we will also continue to generate exits that yield high returns for our investors,” Shah added.
What does FASHOR do?
Founded in 2017 by Vikram and Priyanka Kankaria, Fashor is a fast-growing fashion brand offering modern and affordable Indian and fusion wear for women.
The brand has launched a wide range of designer styles on its website, catering to the growing online demand for branded clothing in India.
“Our partnership with Inflection Point Ventures has been instrumental in driving our growth and success. Their strategic guidance and support has enabled us to scale rapidly and achieve notable milestones. We look forward to continuing to innovate and expand our impact in the fashion industry,” said Vikram Kankaria, CEO of Fashor.
Past IPV Performance
In 2022, the Gurugram-based company completed 12 successful exits, achieving an impressive IRR of 160%.
In 2023, despite the difficult financing winter, IPV completed 14 exits with an IRR of 61%.
As of 2024, the firm’s achievements include a total of 45 exits, with an average IRR of 128%.
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