Bringing the best of both - LP in a VC Fund + Angel Investing
Bringing Science into the Art of Angel Investing
Small investments for large impact
Sprint at a Glance
As on 31th December 2024
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322
STARTUPS
Number of startups we've invested in over last 2 years
51.26 Crores
($6.03mn)
INVESTED
Amount of capital invested in startups by IM and Fund
61.26 Crores
($7.20mn)
LATEST VALUE
Latest value of the capital invested by IM and Fund
1.20X
 MOIC
This is the Multiple on Invested Capital on our investment
633
ANGEL INVESTORS
We have 633 investors across 7 countries, growing rapidly
Why Sprint
WE STAND OUT FROM ALL OTHER ANGEL INVESTMENT PLATFORMS
Carefully Curated Deals
Not high volume deal flow, unlike other platforms – Not a marketplace
Investment Committee
Senior experts with years of domain knowledge who are founders themselves – Not Investment Associates
Fund Manager's commitment
10% mandatory co-investment in every deal – Demonstrating high conviction
High Performance Driven
Industry-high 12% Hurdle Rate, before we charge our Profit Share
Angel SIP – The revolutionary way to make Angel Investments
Welcome to the future of investing with Sprint's Angel SIPs. We’ve now brought the power of SIPs of Mutual Funds to the world of Angel Investments.
BUILD YOUR PRIVATE EQUITY PORTFOLIO WITH A MONTHLY SIP STARTING WITH AS LOW AS ₹50,000/$625 PER MONTH FOR 50 MONTHS
SEBI Regulated Angel Fund
Angel Funds are Category 1 Venture Capital Funds under Alternative Investment Fund Rules under SEBI (Alternative Investment Funds) Regulations, 2012. They are governed and monitored by SEBI, the nodal regulator for capital markets in India. How do Angel Funds work?
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1
1 - TRUSTEE
Catalyst Trusteeship Limited is the Trustee to our Fund and Protects the Interests of all Investors
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2 - BANK
RBL Bank - Name: SALIL CHAKRABARTY INNOVATION FUND | Bank: RBL BANK | Account No.: 409001821513 | IFSC: RATN0000116 | SWIFT: RATNINBB | TYPE: Current Account
3
3 - CUSTODIAN+FUND ACCOUNTANT
Orbis Financial Corporation Limited is our Fund Accountant and Custodian, and oversees the bank account (authorized signatory with transaction control), manages schemes, allots units, and prepares unit statements.
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4 - SPRINT
Salil Chakrabarty Innovation Fund is a SEBI Registered Category 1 Venture Capital Fund with Registration No IN/AIF1/22-23/1102
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5 - Master Contribution Agreement
Investors wishing to participate in the Fund must do so after signing a Master Contribution Agreement. This governs the overall engagement between the fund and the investor.
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6 - INVESTOR
“Angel Investor” means any person who proposes to invest in an Angel Fund and satisfies one of the following conditions, namely,
(a) an individual investor who has net tangible assets of at least INR 2,00,00,000, excluding value of his principal residence, and who:
(i) has early stage investment experience, or
(ii) has experience as a serial entrepreneur, or
(iii) is a senior management professional with at least ten years of experience;
(b) a body corporate with a net worth of at least INR 10,00,00,000; or
(c) an Alternative Investment Fund registered under these regulations or a Venture Capital Fund registered under the SEBI (Venture Capital Funds) Regulations, 1996.
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7 - Drawdown Notice
When an investment opportunity is identified, the Fund issues a Drawdown notice, clearly defining the Class, the Hurdle, the Carry, as applicable.
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8 - Unit Allotment
As and when each drawdown amount is transferred, the Custodian (Orbis Financial) allos units and issues a Unit Statement that shows the units in your name
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9 - STARTUP
The investment amount is transferred to the Startup, and it becomes part of the Sprint's portfolio.
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10 - EXIT
As and when the Fund exits the Startup, the proceeds are realized by the Fund, and after deduction of applicable carry, the net amount is transferred back to the investors.
Our Portfolio Design
We focus on all stages of companies, thereby optimizing on the risk-reward outcomes. Earlier stage companies have higher degree of risk, but offer higher return multipliers, and later stage companies have relatively lesser degree of risk, and therefore offer a lesser return multiplier. Balancing risk and reward is at the heart of what we do.
Strong Founders
Large Market Size
PMF Possible or Sighted
Ideally MVP launched
Customer acceptance
SEED/PRE-SERIES A
30%
>10X
4-5 Year Horizon
Strong Team
Proven PMF
Early Revenues
Investor interest
Strong retention
SERIES A
40%
>5X
3-4 Year Horizon
Strong Lead Investors
Clear path-to-profitability
Established revenue scale
Additional areas of monetization
SERIES B/C
20%
>3X
2-3 Year Horizon
Predictable outcome
Stability anchor
Potential IPO in sight
Inorganic growth possible
SERIES D+
10%
>2X
See what our investors have to say!
"Sprint AIF is a fund that stands out from the rest; with successful and experienced founders and investors who are uniquely positioned to identify lucrative investment opportunities in the startup ecosystem. Having collaborated with the founders and fund managers on various investment opportunities, I have developed strong trust in their thorough due diligence process, attention to detail, and their strong network within the startup community. Investing in Sprint has not only provided me with a broader perspective and understanding of the startup ecosystem but has also added a unique asset class to my investment portfolio, with high potential returns. Sprint's ability to spot promising startups before they hit the mainstream has allowed me to take advantage of lucrative opportunities that I wouldn't have been able to access otherwise."
Prashanth Reddy
National Cyber Risk Leader
Accenture Canada
"It has been my pleasure to work with Sousthav and his team at Sprint. Having worked with Sousthav in other ventures for the past 6 years, I have high confidence in him and his team at Sprint. My involvement with Sprint has been an adventure. I have been fortunate to be introduced to various start up investment opportunities (and I am hoping some will become unicorns). I look forward to mutual success."
Jagdish Amin
Founder, Investor
Global Business Development
CONNECT WITH US
Sprint is the Brand Name for the Platform operated by Salil Chakrabarty Innovation Fund (SCIF), a Category 1 SEBI Registered Venture Capital Fund (Angel Fund), bearing SEBI Registration Number IN/AIF1/22-23/1102. The Investment Manager (IM) for the Fund is Salil Chakrabarty Venture Partners LLP. Copyright © 2024. All rights reserved.
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