Vinay Bansal, Founder CEO, Inflection Point Ventures
Early-stage venture capital firm Inflection Point Ventures (IPV) has launched IPV International, a $110 million Category I Angel Fund registered under GIFT City’s IFSCA (International Financial Services Centres Authority) framework.
IPV International will lead or participate in early-stage to pre-Series A rounds, with average ticket sizes ranging from $100,000 and $1 million per startup. The fund has secured both the Fund Registration Certificate and the Fund Management Entity (FME) license from IFSCA, enabling it to operate fully within GIFT City’s regulatory framework.
It has already made its first investment, in Cellivate Technologies, a Singapore-based deeptech startup.
Global ambitions with cross-border investment strategy
Vinay Bansal, Founder CEO, IPV, says, “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. By leveraging GIFT City’s global access framework, we can now 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.”
IPV has backed over 220 startups and delivered 50 exits so far. It also manages Physis Capital, a $50 million Category II VC fund investing in startups in Pre-Series A to Series B stages.
The fund will enable NRIs, OCIs, and foreign nationals to invest in Indian startups without having to file taxes in India, provided their income comes solely from GIFT City. For Indian residents, the structure also simplifies investing in foreign startups by bypassing the usual SEBI and ODI approval process.
Published on July 31, 2025
