Inflection Point Ventures (IPV), an early-stage angel investing firm, has launched its CAT-II Alternative Investment Fund Physis Capital. It is a $50 million venture capital fund with a green-shoe option of another $25 million. As per a statement, the VC fund aims for its first close at $20 million.

The VC fund is in the final stage of the registration process and is awaiting approval from the Securities and Exchange Board of India (SEBI). It will start deploying capital post the first closure. 

Physis Capital would identify multi-baggers from its IPV portfolio and back them from this Alternative Investment Fund, as per a statement. Additionally, up to 50% of the corpus will be deployed in backing proven winners from the IPV portfolio.

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Founded in 2019, Inflection Point Ventures is an angel investing platform which provides both monetary and non-monetary support to startups. With more than 6,400 CXOs, HNIs and professionals to together invest in startups, IPV also has an angel fund-First Port Capital. Last week, the angel investing platform invested in a health and fitness discovery platform Growfitter.

Mitesh Shah, Co-founder of IPV, stated that the fund would be raised from the firm’s existing individual investors, domestic and family offices from India, the Middle East and the UK.

Speaking about the development, Vinay Bansal, partner, Physis Capital, said,

“This fund is for investing in select pre-series A to series B startups, to enable their success through an integrated ecosystem, consisting of technical, operational, business and strategic mentorship and support along with funding.”

As per Ankur Mittal, Co-founder, Inflection Point Ventures, the check sizes will range from $2 Mn to $10 Mn. The fund will look to invest in 15-20 startups across sectors ranging from commerce, consumer tech, social/content creator, B2B SaaS and enterprise tech. 

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