New Delhi: Inflection Point Ventures (IPV) on Wednesday announced 16 exits during FY2026, delivering a blended Internal Rate of Return (IRR) of 41.01 percent and a Money-on-Money (MoM) multiple of 2.86x amid continued liquidity challenges in India’s startup ecosystem.
The angel investment platform said more than 50 percent of its invested startups with at least a two-year vintage have delivered either an exit or a follow-on round.
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Among the top-performing exits, Secret Alchemist, the aromatherapy and clean fragrance brand co-founded by Samantha Ruth Prabhu, recorded a 192 percent IRR and 4.56x MoM. Aerem delivered 60 percent IRR and 3.92x MoM, while Qubehealth generated 49 percent IRR and 5.49x MoM.
Other notable exits included Oorjaa with 53 percent IRR and 3.9x MoM, Indic Wisdom with 44 percent IRR and 1.66x MoM, SnapeCabs with 42 percent IRR and 1.48x MoM, and Kazam with 34 percent IRR and 4.21x MoM.
The company stated that the exits included both partial and full transactions across sectors and stages. GeoiQ and AFK Gaming saw full acquisitions through strategic buyers, while startups such as Stage, Fabheads, Spardha, Hudle, and Freed recorded partial exits.
IPV-backed startups were acquired by companies including Amazon, Lenskart, and Nodwin Gaming.
“Our focus has always been on identifying and supporting businesses with the potential to scale and deliver strong returns,” said Vinay Bansal.
“Generating exits is not a one-time event for us; it is a repeatable process built on disciplined investing, active portfolio stewardship, and a strong network,” he added.
The company also reported that 26 IPV startups recorded follow-on rounds during FY2026, resulting in a blended IRR of 84.22 percent and a MoM of 3.33x.
According to IPV, startups including Surassa, Hudle, Ember (White.inc), Text Mercato, Moneyplanned, Regrip, and Kisah attracted follow-on investments from institutional investors and venture capital firms.
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“In India, exits don’t happen by chance; they are engineered. That’s the muscle IPV has built,” said Ankur Mittal.
“Our role does not end at writing the cheque, we work alongside our founders through every stage,” said Mitesh Shah.
IPV said it remains focused on generating liquidity opportunities through structured secondary transactions, strategic acquisitions, and institutional partnerships as India’s startup ecosystem continues to mature.
