Inflection Point Ventures, one of India’s most active angel investment platforms, has reported 16 exits during FY2026, delivering a blended Internal Rate of Return (IRR) of 41.01% and a Money-on-Money (MoM) multiple of 2.86x. The performance comes at a time when liquidity continues to remain a challenge for early-stage investors in India.
More than 50% of IPV’s invested startups with at least a two-year vintage have either achieved an exit or secured follow-on funding rounds. The company attributed this performance to active portfolio support, strong relationships with acquirers, and institutional co-investor participation from funds such as Blume Ventures, Unicorn India Ventures and Avishkaar Fund VI.
Quality and strategic value of IPV’s portfolio
“IPV-backed startups are being acquired by category leaders like Amazon, Lenskart, and Nodwin Gaming, and global MNCs, validating the quality and strategic value of IPV’s portfolio at exit,” said Inflection Point Ventures Founder & CEO Vinay Bansal. He added that generating exits is a repeatable process built on disciplined investing, active portfolio stewardship and a strong network.
Key exits
Among the notable exits during FY2026, Aerem delivered a 60% IRR and 3.92x MoM in a partial exit, while Qubehealth generated two exit tranches at 49% IRR. Other strong performers included Oorjaa with 53% IRR and 3.9x MoM, Indic Wisdom with 44% IRR and 1.66x MoM, SnapeCabs with 42% IRR and 1.48x MoM, and Kazam with 34% IRR and 4.21x MoM.
The company said exits during the year included both partial and full acquisitions. Startups such as Stage, Fabheads, Spardha, Hudle and Freed witnessed partial exits, while GeoiQ and AFK Gaming saw full acquisitions, enabling complete liquidity for investors.
Follow-on transactions
IPV also highlighted the growing success of its pre-emptive rights programme. During FY2026, investors participated in 26 pre-emptive transactions that generated a blended IRR of 84.22% and a MoM multiple of 3.33x without requiring full exit events.
Standout performers under the programme included Stylework with 53% IRR and 7.62x MoM, Kazam with 51% IRR and 5.61x MoM, and Conscious Chemist with 86% IRR and 1.71x MoM.
The platform said these structured secondary transactions, which allow existing investors to partially exit while new investors participate in fundraising rounds, have emerged as a key differentiator for IPV in India’s angel investment ecosystem.
Investor confidence
Portfolio companies including Surassa, Hudle, Ember (White.inc), Text Mercato, Moneyplanned, Regrip and Kisah also attracted follow-on funding rounds during FY2026 from institutional investors and venture capital firms.
“In India, exits don’t happen by chance; they are engineered. That’s the muscle IPV has built,” said Inflection Point Ventures Co-founder Ankur Mittal. He noted that the strategic acquisitions and institutional backing reflect the quality of businesses being built within IPV’s portfolio.
Exit strategy
According to the company, several acquisitions completed during the fiscal year underscored the strategic value of IPV-backed startups, particularly in technology and talent-driven sectors.
“Our role does not end at writing the cheque, we work alongside our founders through every stage, helping them structure partnerships, navigate secondary transactions, and connect with the right strategic acquirers,” said Inflection Point Ventures Co-founder Mitesh Shah.
Outlook
IPV said it remains focused on scaling its exit pipeline through structured secondaries and growing participation from leading venture capital firms. The company added that its FY2026 performance demonstrates that early-stage investing in India can deliver repeatable liquidity outcomes through disciplined portfolio management and strategic investor networks.