15 - 05 - 2026

IPV records a total of 16 exits in FY26, delivers 41% IRR

Inflection Point Ventures (IPV), an angel investing platform, recorded a total of 16 exits in FY26, delivering an internal rate of return (IRR) of 41% and a money-on-money (MoM) multiple of 2.86 times.

IPV’s this year’s exits spanned a range of structures. Stage, Fabheads, Spardha, Hudle, and Freed saw partial exits, letting investors lock in gains while staying invested for future upside.

GeoiQ and AFK Gaming were full acquisitions, giving investors complete liquidity. The strategic acquirers during the year went through rigorous internal processes before choosing IPV-backed startups. Building on this momentum, IPV is targeting higher value exits this year via structured secondaries and growing interest from leading venture capital firms, the firm said in a statement.

“Our focus has always been on identifying and supporting businesses with the potential to scale and deliver strong returns. The 16 exits this fiscal year reflect the compounding effect of years of consistent effort,” said Vinay Bansal, founder and chief executive CEO of IPV. 

“IPV-backed startups are being acquired by category leaders like Amazon, Lenskart and Nodwin Gaming, and global Multi National Companies (MNCs), which validating the quality and strategic value of IPV’s portfolio at exit. 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 said.

The reporting period was a strong year for returns across the IPV portfolio. Aerem returned 60% IRR and 3.92 times MoM in a partial exit, an outcome that reflects IPV’s early and considered bet on the clean-energy transition. Qubehealth generated two distinct exit tranches within the year, at 49% IRR, demonstrating continued and broad-based investor interest in the company.

Oorjaa (53% IRR, 3.9x MoM), Indic Wisdom (44% IRR, 1.66x MoM), SnapeCabs (42% IRR, 1.48x MoM), and Kazam (34% IRR, 4.21x MoM) added further depth to what has been one of IPV’s more productive exit years.

Across 26 pre-emptive transactions, IPV’s investors witnessed a blended IRR of 84.22% and a MoM of 3.33 times, without a single full exit event required. Standout performers also included Stylework (53% IRR, 7.62 times MoM), Kazam (51% IRR, 5.61 times MoM), and Conscious Chemist (86% IRR, 1.71 times MoM).

“In India, exits don’t happen by chance; they are engineered. That’s the muscle IPV has built. What distinguishes IPV’s portfolio is not just the number of exits, but the quality of the companies and the breadth of strategic outcomes we have been able to facilitate,” said Ankur Mittal, Co-founder of IPV.