We used variationally improved perturbation theory (VIPT) in calculating the slope and curvature of Isgur-Wise (I-W) function with the Cornell potential− 4αs 3r + br + c instead of the usual stationary state perturbation theory as done earlier. We used −(4α s/3r), i.e. the Coulombic potential, as the parent and the linear one, i.e. br +c as the perturbed potential in the theory and calculated the slope and curvature of Isgur-Wise function including three states in the summation involved in the first-order correction to wave function in the method.