Gurugram-based angel investment firm Inflection Point Ventures (IPV) plans to invest in over 70 startups this year, marking a significant increase from over 50 deals it has closed annually over the past two years. The firm’s average cheque size stands at approximately ₹3.5 crore per investment.“We evaluate more than 8,000 deals annually before making investment decisions.
Our focus is on opportunities that not only generate strong returns for our investors but also address meaningful problems, filling a crucial gap in the Indian startup ecosystem,” said Ankur Mittal, co-founder of IPV, told FE.So far, IPV has deployed over ₹700 crore in capital. Additionally, Physis Capital, a category II Alternative Investment Fund (AIF) launched by IPV’s founders, has already backed four startups.
Also, the firm is setting up a GIFT City fund, enabling foreign nationals to invest in Indian startups while simplifying cross-border investments for Indian investors. IPV’s diverse portfolio includes: healthy ice cream brand NOTO, logistics and emergency services provider Bon V Aero, and spacetech startup Dream Aerospace. Despite a funding slowdown over the past two years, IPV remains bullish on the startup ecosystem, expecting strong investor momentum in 2025.IPV follows a sector-agnostic approach, backing startups that solve significant challenges, boast strong founding teams, and are available at attractive valuations.
While unit economics remains a priority, the firm is also investing in long-gestation sectors like space technology and drones, where government support and R&D initiatives are driving growth.“We actively explore emerging industries like space and drones, as they present substantial growth opportunities with long-term strategic impact,” Mittal said.IPV is particularly optimistic about sectors that contribute to India’s economic expansion, benefiting from policy support, credit incentives, and tax benefits.
With growing interest in deeptech, AI, SaaS, climate tech, and electric vehicles, the firm anticipates a surge in investments, particularly in areas like drone manufacturing.“Fintech continues to thrive, especially in embedded finance. More startups are expanding internationally, making them attractive investment targets. Despite global financing slowdowns, early-stage investments have remained resilient, showing sustained market confidence,” Mittal added.
The company sees deeptech and spacetech as crucial for long-term economic growth. “While these businesses take time to monetise, they address large-scale problems and contribute to technological advancements,” he said.After two years of muted growth, the startup ecosystem is showing signs of revival.
IPV expects investment rounds to increase, with a sharper focus on high-quality deals.“Early-stage funding remains robust, while late-stage investors are regaining confidence in startups with strong financials. As market conditions improve, we anticipate a rise in IPOs and mergers and acquisitions (M&As), setting the stage for a dynamic phase of growth in the startup landscape,” Mittal said.