IPV launches Physis Capital with fund size of $50 mn for startups

Inflection Point Ventures (IPV), an angel investment platform, has announced the launch of a new $50 million fund to promote startups raising early capital.

The fund called Physis Capital has the option of financing another $25 million and aims to have its first close at $20 million, said the company.

Physis Capital will build a portfolio of 15-20 startups with an average ticket size of $2.5 million and it will start deploying capital after the first close. It is in the final stage of the registration process and is awaiting approval from the Securities and Exchange Board of India.

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