Gurugram-based angel investment platform Inflection Point Ventures (IPV) has launched IPV International, a $110 million Category I Angel Fund registered under the IFSCA framework at GIFT City.
The fund achieved its first close in April 2025, and has already made its debut investment in Cellivate Technologies, a Singapore-based deeptech startup. The company is developing a patented, ethical, and scalable alternative to fetal bovine serum using magnetic stimulation, aimed at applications across biotech, pharma, and related sectors.
Inflection Point Ventures International plans to back startups from early-stage to pre-Series A, with average investment sizes ranging between $100,000 and $1 million, and aims to build a well-diversified portfolio.
The fund has received both its fund registration certificate and Fund Management Entity (FME) license from IFSCA, allowing it to operate fully within GIFT City’s regulatory ecosystem.
“After establishing a strong presence in the Indian startup ecosystem, IPV is now extending its offerings through IPV International. Given the evolving global startup landscape and the rising appetite for international exposure, launching an international fund allows us to seamlessly participate in cross-border investment opportunities,” said Vinay Bansal, founder and CEO of IPV.
Bansal further said that the firm will leverage GIFT City’s global access framework to invest in high-potential international businesses.
“A presence in GIFT City enables us to scale beyond national borders, engage with global startup ecosystems, and remain aligned with the rapidly shifting dynamics of the venture capital and private equity markets. At the same time, we are seeing strong interest not just from Indians & NRIs, but also from non-Indian investors eager to invest in the booming Indian startup ecosystem, and the GIFT City structure makes it significantly easier for them to invest.”
Ankur Mittal, Co-founder, IPV, said, “IPV International is designed to replicate our proven, sector-agnostic investment strategy. Our investment thesis remains rooted in rigorous due diligence and structured evaluation, aligned with the approach that has shaped IPV’s strong track record. The launch of this fund significantly expands our horizon.”
“This strategic move enables us to consider high-potential foreign startups alongside domestic opportunities. By leveraging the global access provided by the GIFT City platform, we’re now well-positioned to invest in innovative ventures across international markets, enhancing both portfolio diversification and investor value.”
The fund operates under the oversight of the International Financial Services Centres Authority (IFSCA), which functions as a unified regulator similar to SEBI. Known for its clear, flexible, and innovation-friendly regulatory framework, IFSCA has become an attractive hub for funds, startups, and global asset managers.
Inflection Point Ventures International highlighted that it offers a highly investor-friendly environment, supported by a liberalised tax regime and streamlined compliance processes, making it an appealing destination for cross-border capital and early-stage investments.
Mitesh Shah, co-founder of IPV, said, “IPV has been on an impressive journey over the past six years. We’ve backed unicorns, soonicorns, and high-growth startups that are driving meaningful change across the country.”
“With a proven track record including 50 successful exits from a portfolio of over 220 startups, IPV is now set to leverage this experience and scale its platform to reach both national and international investors through IPV International. Combined with the tax efficiency and regulatory clarity offered by the GIFT City framework, the fund is well-positioned to attract a global investor base, including both domestic and international participants,” Shah added.
