New Delhi: Inflection Point Ventures (IPV), one of India’s leading angel investing platforms, has announced its exit from Parablu, achieving 2.2X MoM in 36 months and delivering a 30%+ IRR for investors.
With 47 successful exits, IPV has consistently delivered high-value returns. Parablu’s exit further validates its strategy of backing visionary founders, unique business models, and startups at reasonable valuations.
Ankur Mittal, Co-Founder, of Inflection Point Ventures, said: “When Parablu approached IPV in 2021 for funding, its groundbreaking technology stood out. Recognizing the immense potential of Parablu’s visionary founding team, and its unique business model, IPV provided critical funding and strategic support. This enabled the company to scale rapidly and establish itself as a strong player in the enterprise data management space. As one of India’s largest angel platforms, we are committed to nurturing innovative startups that benefit the ecosystem and positively impact the community and economy. Parablu’s journey exemplifies our focus on empowering visionary founders to achieve sustainable success.”
Parablu, a data protection pioneer, has been acquired by CrashPlan, a global leader in cyber-ready data resilience. This acquisition enhances CrashPlan’s ability to protect critical data from deletion, ransomware, and service disruptions.
Anand Prahlad, CEO of Parablu (now CTO at CrashPlan), added, “Inflection Point Ventures has been a vital partner in Parablu’s journey, in not just providing funding, but also in terms of strategic guidance which was instrumental in enabling us to scale effectively and establish ourselves as a player to be reckoned with in the data security and resilience space. IPV’s unwavering belief in our vision and technology was crucial throughout our journey. As we join forces with CrashPlan, we are excited to continue pushing past boundaries and strengthen our commitment to delivering unmatched data resilience to enterprises worldwide.”
Parablu’s acquisition by CrashPlan highlights the growing need for data resilience in a cloud-first world and IPV’s foresight in backing future-shaping businesses. By connecting visionary founders with forward-thinking investors, IPV drives innovation and creates value for startups, investors, and the broader ecosystem. Committed to reshaping industries, IPV fosters startups that contribute to India’s economic growth.
About Inflection Point Ventures and Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 23,500+ CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to invest in Pre-Series A to Series B growth-stage start-ups. The fund has already deployed capital in two startups so far, with a few deals in advanced stages of pipeline.
