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• Inflection Point Ventures announced 16 exits during FY2026, reporting a blended internal rate of return (IRR) of 41.01% and a money-on-money (MoM) multiple of 2.86x across transactions.
• The exits included both partial and full transactions across sectors, with Secret Alchemist delivering the highest reported return at 192% IRR and 4.56x MoM, followed by Aerem, Qubehealth and Kazam.
• Strategic acquisitions of GeoiQ and AFK Gaming by Lenskart and Nodwin Gaming respectively formed part of the exit slate, alongside secondary transactions involving institutional investors and family offices.
• IPV stated that 26 portfolio startups also completed follow-on transactions during FY2026, generating a blended IRR of 84.22% and a 3.33x MoM multiple through structured secondary deals.
• The investment platform said increasing institutional participation, repeat secondary buyers and continued follow-on funding activity reflected growing confidence in IPV-backed startups despite broader liquidity challenges in India’s early-stage investment ecosystem.
Inflection Point Ventures (IPV) has reported 16 exits across its startup portfolio during FY2026, generating a blended internal rate of return (IRR) of 41.01% and a money-on-money (MoM) multiple of 2.86x, as the angel investment platform continued to expand its structured liquidity and secondary transaction strategy. Advertisement
The company announced in the past week that the exits were completed through a mix of strategic acquisitions, partial secondary transactions and institutional co-exits across multiple sectors. IPV stated that India’s early-stage investment market has historically faced liquidity constraints, with limited exit opportunities for angel investors, prompting the platform to focus on building repeatable exit mechanisms through portfolio management and secondary transactions.
According to IPV, more than 50% of its invested startups with a minimum two-year vintage have either completed an exit or raised follow-on funding rounds. The platform attributed this to active portfolio support and participation from institutional investors including Blume Ventures, Unicorn India Ventures and Avishkaar Capital.
Among the reported transactions, Secret Alchemist, the aromatherapy and fragrance brand co-founded by Samantha Ruth Prabhu, delivered the highest reported return with 192% IRR and a 4.56x MoM multiple through a partial exit involving a venture capital investor. Aerem generated 60% IRR and 3.92x MoM, while Qubehealth delivered two separate exit tranches during the fiscal year, including one transaction reporting 49% IRR and 5.49x MoM.
Other reported exits included Oorjaa at 53% IRR and 3.9x MoM, Indic Wisdom at 44% IRR, SnapeCabs at 42% IRR and Kazam at 34% IRR with a 4.21x MoM multiple. Partial exits were also completed in Stage, Spardha, Fabheads, Freed and Hudle through a combination of institutional investors, family offices and buyback transactions.
The fiscal year also included two full acquisitions. AFK Gaming was acquired by Nodwin Gaming, while GeoiQ was acquired by Lenskart, providing complete investor liquidity in both transactions.
Vinay Bansal, Founder and Chief Executive Officer of IPV, stated that the platform’s exit activity was the result of long-term portfolio management, institutional relationships and disciplined investment processes rather than isolated transactions. He added that IPV-backed startups were increasingly attracting acquisitions from established companies and multinational corporations, reflecting the strategic relevance of the portfolio.
The company also highlighted the growth of its structured secondary transaction model, which enables existing investors to partially exit during follow-on fundraising rounds. According to IPV, 26 such pre-emptive transactions were completed during FY2026, generating a blended IRR of 84.22% and a 3.33x MoM multiple.
IPV stated that portfolio companies including Surassa, Hudle, Ember, Text Mercato, Moneyplanned, Regrip and Kisah secured follow-on investments during the fiscal year from venture capital firms and institutional investors. The platform said the continued inflow of capital into its portfolio companies reflected sustained investor confidence in the scalability and long-term growth potential of early-stage businesses backed by IPV.
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