IPV Launches $110M Fund in GIFT City for Global Startups

Inflection Point Ventures (IPV) has launched IPV International, a $110 million offshore fund registered in GIFT City, marking a strategic move amid tightening domestic angel investing regulations in India.

The fund is fully registered with the International Financial Services Centres Authority (IFSCA), having secured both the Fund Registration Certificate and Fund Management Entity license, providing operational ease for domestic, NRI, and foreign investors. While SEBI’s new accreditation norms and complex domestic compliance protocols are deterring many Indian angel investors—despite the rollback of the angel tax—IPV’s GIFT City-based structure offers “minimal regulatory friction.”

Key Highlights

• $110M fund registered in GIFT City, targeting global startups
• Enables Indian investors to sidestep PAN, SEBI, and ODI hurdles
• First deal executed with Singapore-based Cellivate Technologies

This model allows qualifying investors to bypass PAN requirements, Indian tax filings, and SEBI/ODI approvals for foreign investments, making global deal access more seamless.

The move positions IPV to leverage cross-border opportunities while sidestepping domestic hurdles. IPV’s record of 50 exits from over 220 startup investments provides a robust foundation for scaling globally. The firm’s first deal under the new fund with Singapore-based deeptech firm Cellivate Technologies signals both execution readiness and international intent.

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The $110M corpus—substantially larger than typical Indian angel funds—signals strong investor appetite for vehicles that blend Indian entrepreneurial expertise with global investment flexibility. With mounting compliance pressures reshaping India’s domestic investing landscape, structures like IPV International may well define the next frontier in startup capital flows.