India’s Tech Pulse: Ecosystem Harkat & the Shifting Investment Temperament
The Tech Panda examines the forces shaping ecosystem behaviour and investment sentiment in India.
This month, Inflection Point Ventures (IPV) announced 16 exits from 2025 with 41% IRR amid an ongoing liquidity crunch. Secret Alchemist, the Samantha Ruth Prabhu co-founded aromatherapy and clean fragrance brand, leads IPV’s exit slate with a standout 192% IRR and 4.56x MoM, followed by Aerem (60% IRR, 3.92x MoM), Qubehealth (49% IRR, 5.49x MoM), and Kazam (34% IRR, 4.21x MoM) among top performers. Exits span partial and full transactions, including strategic acquisitions of GeoiQ and AFK Gaming via sale to strategic buyers, alongside institutional co-exits with leading VC funds, demonstrating strong and broad-based buyer confidence in IPV-backed startups. 26 IPV startups recorded follow-on rounds in FY2026, delivering a blended IRR of 84.22% and 3.33x MoM across transactions.
“Our focus has always been on identifying and supporting businesses with the potential to scale and deliver strong...
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