Mostly through our network. We've been grinding in startups before unicorns were a thing. Before Oyo and Swiggy were incorporated. Before the big rounds started rolling in. This helped us build strong relationships with founders, operators, angels, and VCs.

We collaborate with VC funds, syndicates, and angel investors. It helps that many notable angels, founders, angels, and VCs are a part of our community and or are investors in Misfits.

We strive to be less wrong while curating deals. We have a playbook of 120+ questions that we try to answer before deciding to list the deal. Some of these include:

Clarity of thought. Is the proposition clearly articulated?
Depth. Do the founders have deep user insights?
User pull. Do the users genuinely want the offering?
Focus. Are they focused on a single use case?
Segmentation. Have they sharply defined a user segment?
GTM. Do they know how to bootstrap to a threshold user base?
Co-investors. Do they have quality investors? Do the co-investors have conviction in their decision?
Past. Do the extensive ref checks on founders inspire confidence?

Typically, we receive 50+ deals in a month and we end up speaking to about a third of those startups. We usually invest in one or two startups in a month.

We make money when you make money. We lose money when you lose money.

The upfront fee that we charge is to cover our expenses. We make money on carry, which accrues only when you make money. We personally invest in all the deals under India Access. So we personally lose money when you lose money.

Not really. We're into companies that use tech to shake things up - whether it's opening up new markets, cutting costs big time, or delivering a way better experience. Sectors don't matter much. Our thing is spotting startups with that tech spark.

We do avoid sin sectors though.

No, we are stage agnostic.

We believe that a company valued at $1 trillion can be a good investment while a company valued at $1 million can be a bad investment. We try to be on the right side of the risk-reward ratio.

Sometimes the market is harsh on late-stage startups, sometimes market is easy on early stage startups. Being agnostic to stage allows us to be opportunistic.

Founders come in various forms and shapes. We approach our meetings with them with an open mind.

We prefer backing founders with deep user insights if they are creating new categories. We also favor backing founders with a bias toward action if they are replicating proven business models.

We are founders and operators ourselves. We've learned things the hard way. This has helped us build a sense of what works and what doesn't. We see a bit more.

We speak like founders. Founders appreciate our sharp questions. It helps us get to the real issues faster. The truth often comes out.

Young founders want us on their speed dial. It helps us in getting access to quality deals.

No, we do not charge any fees to startups.

We believe that charging fees to startups creates a conflict of interest and leads to a selection bias against startups that are in high demand.

Our customers are the individuals seeking exposure to the startup asset class. Our goal is to curate the best startups for them.

Start small with an allocation of ₹500,000. This amount shall be invested in 10 hyper-curated startups over 6-12 months. You can increase the allocation if you want.

The minimum investment amount is ₹50,000 per deal.

The drawdown will be done in tranches. The first tranche shall be ₹200,000 or 25% of the allocation amount, whichever is higher.

What if I want to invest more in a particular startup?
‍You can invest up to 8x of your base amount in a single deal.If you want to invest bigger amounts in certain deals, then we suggest you reconsider your base amount for you to get meaningful exposure across deals.

‍What if I do not like a particular deal?
‍You can opt out of a deal.

Yes, all the investments will be made with your explicit consent.

It is a good practice to capture your reason when not even investing the base amount.

India Access plan is for you if you're keen to get in on the ground floor of tech startups but are not able to build a portfolio, possibly because you may not have:
Access to enough high-quality deals
Enough time to evaluate deals
Deep pockets to write big cheques
A network to reference most founders
The right expertise to diligence the startups

India Access plan is also for you if you are already investing in startups but want to supplement your portfolio.

India access plan is not for people who are looking for quick wins.

The startup asset class is for people who already have an equity portfolio and want to add tech and early-stage exposure to it.

‍Well, it's not the most liquid thing out there. Think of it as capital that's in it for the long haul, like patient capital. So, don't put in the capital you might need on a rainy day into this asset class. Keep it separate.

Also, many startups don't make it. So, if you can't handle taking hits, then this is not your thing

Just fill in your details in the short form & we’ll connect with you for next steps. https://www.misfits.capital/join-misfits

1. Sign up by filling up this form
‍2. Make the membership fee payment
3. Check for a WhatsApp message confirming that you have been given access
4. Follow the link in the message to install the Misfits app
5. Complete in-app KYC to view investment opportunities available
6. Sign the MCA (Member’s Contribution Agreement)
7. Transfer funds for your initial deposit in your wallet
8. Share consent for investing in a deal you like - money will be deducted from your wallet balance

You can complete KYC from the Misfits App. It is a regulatory requirement before you can start investing.

You will need the following information for KYC:
‍
1. Personal Details
- Name
- Contact No & Email ID
- PAN Number (Mandatory)
- Aadhar Number (Optional)
- Date of Birth
- Address

2. Bank Details:
- IFSC Code
- Account Number

Funds need to be deposited in advance for the India Access Plan. You can transfer funds after completing KYC & signing the MCA.

Minimum deposit is ₹2 lakh or 4 times your chosen ticket size per investment. For example, if you wish to invest ₹50k per startup, you would need to deposit a minimum of ₹2 lakh in advance.

If you have sufficient balance in your wallet, we will reserve allocation for ₹50k (or your chosen ticket size) in each startup we curate. We would need your consent on the app before each investment.

You can opt out of the startups you don't want to invest in. If you’d like to double down on your investment by increasing the amount invested, you can do that as well.

You can track your wallet balance on the Misfits app.

You will receive a unit statement for each investment once all the paperwork is done & money is transferred to the startup. This will be shared with you via email.

You can also track your investments on the Misfits app.

We Invest through an AIF (Alternate Investment Fund).

We are using ‘Salil Chakrabarty Innovation Fund (SCIF)’, a registered category 1 Venture Capital Fund (Angel Fund) with registration number IN/AIF1/22-23/1102.

‍More Details - SCIF

Set up cost / Placement fee -5%

‍There is a setup cost of 5% (+GST) to cover the expenses of the fund and the expenses incurred in sourcing deals, conducting due diligence & completing paperwork. This includes all the compliance costs, transaction fees, etc.

These are the different slabs we have:
Upto INR 5L - 5%+GST
INR 5L-10L - 4% + GST
INR 10L+ - 3% + GST


‍Carry - 15%

Carry is a share of the profits generated from your investment that Misfits will charge. In most of the deals carry is 15%, unless stated otherwise.

Let's say you invest 1 lac

Carry % → 15%
Assume, investment value after 5 years → 11 lac
Profit → 11 lac - 1 lac →10 lac

Carry → 15% of Profit → 15% of 10 lac → 1.5 lac

Charging carry is a standard practice in the industry & aligns our investments with that of our investors.