Sprint at a Glance
As on 30th September 2024
310
STARTUPSNumber of startups we've invested in over last 2 years
48.15 Crores
($6.01mn)Amount of capital invested in startups by IM and Fund
62.10 Crores
($7.76mn)Latest value of the capital invested by IM and Fund
1.29X
MOICThis is the Multiple on Invested Capital on our investment
615
ANGEL INVESTORSWe have 615 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
Invest NowSEBI 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 - 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
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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
2-3 Year Horizon
See what our investors have to say!