We have measured electron and hole impact ionization coefficients in biaxially strained InxGa1-xAs/InyAl1-yAs (0.44 < x < 0.62, 0.44 < y < 0.62) multiquantum wells for the first time. It is seen that beta/alpha is enhanced due to strain-induced changes in band gap, band offsets, and bandstructure for tensile strain in the well and compressive strain in the barrier. The results have been interpreted by considering band-to-band impact ionization and band-edge discontinuity impact ionization processes.