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, Inflection Point Ventures, said: "When Parablu approached IPV in 2021 for funding, its groundbreaking technology stood out. Recognizing the immense potential in 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 not only benefit the ecosystem but also have a positive impact on 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 through 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 continues to foster startups that contribute to India's economic growth. |
