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Sprint VC
Sprint is the brand name for the platform operated by Salil Chakrabarty Venture Partners LLP, the investment manager for Salil Chakrabarty Innovation Fund...
Sprint VC
Sprint is the brand name for the platform operated by Salil Chakrabarty Venture Partners LLP, the investment manager for Salil Chakrabarty Innovation Fund (SCIF), a Category 1 SEBI Registered Venture Capital Fund (Angel Fund). It combines LP participation in a VC fund with angel investing and aims to democratise angel investing and make startup investing accessible. The firm curates deals across stages from seed to Series D+ and invests alongside its angel investors.
General information
Firm type
Private Equity
Year founded
2019
Location
Region
Oceania
Country
India
City
Bangalore
Corporate office
WeWork Vaishnavi Signature, No. 78/9, Outer Ring Road, Bellandur Village, Varthur, Hobli, Bangalore, KA - 560103
Principals
Salil Chakrabarty
Fund Manager
Sousthav
Fund Manager (Inferred Leadership)
Sector focus
Frequently asked questions
How is Sprint VC structured as a regulated vehicle?
Sprint VC operates through the Salil Chakrabarty Innovation Fund, a SEBI-registered Category 1 Venture Capital Fund under the Alternative Investment Funds Regulations, 2012. The fund is overseen by a trustee (Catalyst Trusteeship Limited), a custodian and fund accountant (Orbis Financial Corporation), and follows the drawdown notice and unit allotment process mandated by Indian securities law. Investors must sign a Master Contribution Agreement and meet the SEBI-defined 'Angel Investor' eligibility, which requires net tangible assets of at least INR 2 crore excluding the primary residence, combined with early-stage investment experience, serial entrepreneurial background, or senior management tenure.
What is Sprint's minimum investment and how does the Angel SIP work?
Sprint offers an Angel Systematic Investment Plan (SIP) with a minimum commitment of ₹100,000 or $1,000 per month over 30 months. Unlike a lump-sum capital call, the Angel SIP allows investors to build a private equity portfolio incrementally. Each month's contribution is drawn down as opportunities are identified, with units allotted by Orbis Financial after fund transfer.
Does Sprint VC co-invest alongside its limited partners?
Yes. Sprint's own fund documentation states the fund manager will invest at least twice the recommended investment amount for every opportunity showcased. This mandatory co-investment rule is presented as a high-conviction signal, aligning the manager's capital with the LPs directly in each portfolio company.
What are Sprint VC's fee and carried interest terms?
Sprint applies an industry-high 12% hurdle rate before charging any profit share. While the exact carry percentage is not publicly listed, the profit-sharing mechanism is contingent on clearing this 12% preferred return threshold. The fund collects fees only through the profit share once the hurdle is met, aligning compensation with performance.
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