Inflection Point Ventures closes eighth investment in 90 days
The India-based venture fund has been investing in start-ups businesses across food, health, education and technology
Inflection Point Ventures (IPV), an angel investor platform based in India, has invested in Samosa Party in a transaction that sees the company close its eighth deal within 90 days. Grocery delivery start-up Milkbasket, citizen safety-tech platform DROR, and early-stage ed-tech business Edvizo have received fresh capital from IPV over the last two weeks.
IPV was founded in 2018, and it is based in Haryana, India. The company is an early to mid-stage venture fund with more than 500 members and high-net-worth individuals who have come together to encourage new start-ups.
Capital is invested in companies across food, health, technology and education sectors. IPV claims to have emerged as the only angel platform in India to lead a Series B round in a start-up.
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An early-stage company, Samosa Party was founded by Amit Nanwani in 2017 to offer freshly fried samosa in 14 different varieties. The company raised capital from IPV in a pre-Series A funding round. The amount of capital raised has not been disclosed.
Nanwani claims to have become the go-to snack solution in Bengaluru with more than 80% repeat customers.
Samosa Party intends to use the fresh capital to set up the infrastructure for scale, open cloud kitchens across Bengaluru and several tier-1 cities across India.
Delhi-based grocery delivery start-up Milkbasket raised $5.5 million in a funding round led by IPV with participation from existing investors.
To this day, IPV has invested in more than 40 start-ups.