We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Bringing the best of both — LP in a VC Fund + Angel Investing
Salil Chakrabarty Innovation Fund (SCIF, SEBI Reg. IN/AIF1/22-23/1102) is a Category I Angel Fund (Venture Capital Fund) managed by Salil Chakrabarty Venture Partners LLP and branded publicly as 'Sprint.' The fund is operated by Sousthav Chakrabarty, Co-Founder & CEO of Siply (a fintech platform for blue-collar workers), along with his team. Sprint operates as a hybrid platform that combines features of LP participation in a VC fund with angel investing. As of December 31, 2025, the fund has invested in 351 startups, deployed ₹59 crore ($6.56M), achieved a latest value of ₹76.35 crore ($8.48M), and a 1.29x MOIC. It has 730 angel investors across 7 countries. The fund invests across seed (30%), Series A (40%), Series B/C (20%), and Series D+ (10%) stages, with target multiples of 15x, 8x, 5x, and 3x respectively. A key differentiator is the fund manager's mandatory 2x co-investment in every deal. The fund has an industry-high 12% hurdle rate before profit share is charged. Trustee: Catalyst Trusteeship Limited. Custodian & Fund Accountant: Orbis Financial Corporation Limited. Bank: RBL Bank.
Sprint/SCIF brings 'science to the art of angel investing' — using a disciplined, data-driven process to identify and back the right founders. The fund focuses on founders with proprietary knowledge working on problems the team understands deeply, teams with interdisciplinary expertise, and 'intersectional innovations' that transcend technologies and domains to create step-change impact. The fund seeks returning founders with non-obvious market opportunities and an India-for-India thesis scalable to similar emerging markets. The Investment Committee comprises experienced domain experts who are founders themselves — not junior investment associates. Portfolio is diversified across seed through late stage with calibrated risk-reward expectations for each stage.
Sousthav Chakrabarty
FMFund Manager & Co-Founder, Sprint
Sousthav Chakrabarty is the SEBI-registered contact person and fund manager for Salil Chakrabarty Innovation Fund (Sprint). He is Co-Founder & CEO of Siply, a Bangalore-based fintech platform serving blue-collar workers with savings and financial services. He holds an MBA from New Hampshire College (2004). He is a director of Salil Chakrabarty Innovation Holdings Private Limited (DIN: 02789297) and is associated with 15 companies across the Siply ecosystem.
No insights published yet.
Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.