Sprint VC

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.

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.

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.

Sprint describes itself as a curated platform, not a high-volume marketplace. An investment committee composed of senior experts and founders — rather than investment associates — evaluates opportunities. The firm reports that fewer than 2.5% of startups evaluated are ultimately included in the portfolio, indicating a highly selective funnel.

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.