Misfits
Misfits Capital is a community-driven startup investing platform, headquartered in New Delhi, India, that enables retail and high-net-worth individuals to co-invest alongside tier-1 VCs in curated early-stage startups through a SEBI-registered AIF vehicle and a mobile-first app with KYC, wallet, and per-deal consent.
- Company typePrivate
- Founded2023
- HeadquartersGurugram, India
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Misfits does
Misfits (legally Misfits Ventures Technologies Private Limited) operates a community-driven startup investing platform that enables retail and high-net-worth individuals in India to co-invest alongside tier-1 venture capital firms in curated early-stage startups. Founded in late 2022 by Amit Singh (former Shuttl founder) and Vishal Jain (former CGO at Shuttl), the company began as a Web3 experiment called 'Metal' before pivoting to its current model after users signaled preference for real-startup exposure. The platform serves 2,000+ members including 200+ founders and 500+ CXOs, has deployed approximately $1 million across 25+ deals alongside lead investors such as Peak XV Partners, Accel, Nexus Venture Partners, Khosla Ventures, Y Combinator, Blume Ventures, and Matrix Partners, and receives 50+ inbound deal opportunities per month of which 1-2 are typically funded.
The core technology is a mobile-first distribution stack: native iOS and Android applications (misfits.capital) handling in-app KYC, wallet management, per-deal consent, and portfolio tracking, supported by Cashfree payment-gateway integration and Google social login. All capital is pooled and deployed through the Salil Chakrabarty Innovation Fund (SCIF), a SEBI-registered Category 1 Venture Capital Fund (Angel Fund, registration IN/AIF1/22-23/1102) that Misfits manages. The primary product, 'Reserve,' provides systematic exposure to a diversified portfolio of 10+ hyper-curated startups over 6-12 months, with a minimum ticket size of ₹50,000 per deal and a ₹2 lakh base deposit. Proprietary features include Commitment Cards showing other investors' theses and a feed-centric discovery experience designed for community learning.
Misfits monetizes through a tiered placement/setup fee (5% + GST on the first ₹25 lakh of AUM, stepping down to 2% above ₹75 lakh) plus a 15% carry on realized profits; carry accrues only when members make money, structurally aligning the company with investor outcomes. The 6-person team operates without external venture funding, relying on membership economics. The go-to-market motion is community-led and direct-to-consumer: content marketing (blog, YouTube, Twitter, LinkedIn), WhatsApp outreach, and word-of-mouth referral drive top-of-funnel interest, while the mobile app handles self-serve onboarding, KYC, and per-deal opt-in. Primary customers are HNWI individuals seeking startup exposure who lack network, time, capital scale, or diligence expertise to invest directly, with a secondary segment of existing startup investors seeking curated co-investment alongside tier-1 VCs.
Misfits firmographics
Firmographics- Name
- Misfits
- Legal name
- Misfits Ventures Technologies Private Limited
- Website
- https://misfits.capital
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Misfits Capital is a community-driven startup investing platform, headquartered in New Delhi, India, that enables retail and high-net-worth individuals to co-invest alongside tier-1 VCs in curated early-stage startups through a SEBI-registered AIF vehicle and a mobile-first app with KYC, wallet, and per-deal consent.
- Ownership category
- akta.pro rank
Misfits industry classification
Industry- Product category
- Retail Startup Investing Platform
- NAICS
- Other Investment Pools and Funds (5259), Miscellaneous Financial Investment Activities (523999)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Micro-PE / Lower Middle Market ETA Funds (FSANALAG)
Keywords
Where Misfits is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Misfits business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Placement/Setup Fee: One-time setup cost charged as percentage of investment amount to cover fund expenses, deal sourcing, due diligence, and compliance costs. Tiers based on AUM: 5% + GST for up to INR 25L, 4% for 25L-50L, 3% for 50L-75L, 2% for 75L+.
- Carry (Performance Fee): 15% share of profits generated from investments. Aligns Misfits' interests with investors. Accrues only when investors make money.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Tiered placement fee based on AUM |
| Outcome Based/ Performance | Multi-year contract | Carry on profits |
| Unit Pricing | Pay-as-you-go | Minimum investment per deal |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Misfits product offering
Product offeringCore offering
Misfits is a community-driven startup investing platform that enables retail/high-net-worth individuals to co-invest alongside top-tier VCs (Peak XV, Accel, Nexus, Khosla Ventures, Y Combinator) in curated Indian startups. Members pay a tiered setup fee (2-5% based on AUM) plus 15% performance carry, and invest via a SEBI-registered AIF vehicle (Salil Chakrabarty Innovation Fund, SCIF) with a minimum ₹50,000 per deal and ₹2 lakh minimum deposit.
Product overview
Misfits is a community-driven startup investing platform that enables retail investors to co-invest alongside top-tier VCs in curated Indian startups. The platform operates as a unified offering centered on 'Reserve' — an investment product that provides systematic exposure to a diversified portfolio of 25+ startups. Access is provided through both web and mobile applications (iOS and Android), with all investments channeled through the Salil Chakrabarty Innovation Fund (SCIF), a registered Category 1 Venture Capital Fund. The platform differentiates through transparency features showing investor commitments and theses, community-driven deal flow, and educational content.
Differentiator
Problem solved
Functional benefit
Products and services
- Reserve Misfits' primary investment product offering retail investors access to a curated portfolio of startup investments. Enables systematic allocation across 10+ hyper-curated startups over 6-12 months with co-investment alongside top-tier VCs.
- Misfits Mobile App (iOS) iOS mobile application enabling users to complete KYC, view investment opportunities, track wallet balance, provide investment consent, and manage their startup investment portfolio.
- Misfits Mobile App (Android) Android mobile application enabling users to complete KYC, view investment opportunities, track wallet balance, provide investment consent, and manage their startup investment portfolio.
- Misfits Web Platform Main web platform at misfits.capital serving as the primary interface for members to access startup investment opportunities, view portfolio companies, read educational content, and manage their investment activities.
- Salil Chakrabarty Innovation Fund (SCIF) A registered Category 1 Venture Capital Fund (Angel Fund) with registration number IN/AIF1/22-23/1102, managed by Misfits as the AIF vehicle through which investments are deployed into portfolio companies.
Quantifiable outcome
- Startup investing follows power law—portfolio approach enables capturing outsized returns while downside limited to invested amount
Companies that use Misfits
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Misfits technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature2 records
Misfits partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Misfits competitors and assessment
Company assessmentDirect peers
- WeFunder: US retail startup investing platform enabling community-driven rounds with small minimums. Comparable on democratized access, community/feed-centric investor experience, and fee-based revenue model.
- StartEngine: US retail startup and RegA+ investing platform with a large member base and community-led deal discovery. Comparable on retail access to private deals and mobile/web distribution, though more oriented to later-stage and regulated offerings.
- Mumbai Angels: One of India's oldest and most active angel networks, pooling HNW capital into early-stage startups. Comparable community-driven model and Indian market focus, though historically more selective and less mobile-app centric.
- LetsVenture: India's largest angel investing platform, enabling curated startup deals for retail and HNW investors with co-investment alongside VCs. Most directly comparable to Misfits on product (angel deal marketplace), target market (Indian HNW/retail), and business model (fee + carry).
- Republic: US-based retail startup investing platform offering curated deals with low minimums, fee + carry revenue, and a community-driven approach. Closest international analog to Misfits' mobile-first, community-led GTM model.
- ah! Ventures: India-based angel fund and syndicate platform operating a Category 1 AIF, similar to Misfits' SCIF structure. Offers curated early-stage deals to a community of investors with carried interest economics.
- AngelList India: Global roll-up vehicle and syndicate platform enabling individuals to invest in VC funds and curated deals. AngelList's syndicate model closely parallels Misfits' co-investment-alongside-VCs approach, though at significantly larger scale.
- Inflection Point Ventures: Indian angel investing community pooling HNIs into curated early-stage deals with a Category 1 AIF structure. Closely comparable operating model, regulatory structure, and Indian HNW target segment.
Broad incumbents
- Keiretsu Forum: Global angel network with chapters across multiple countries and 3,000+ members investing in early-stage deals. Comparable on community-driven angel model, but operates at much larger and more established scale and lacks Misfits' mobile-first consumer focus.
Emerging players
- Antler: Global early-stage VC and startup generator offering curated deal flow to a community of angel investors. Comparable on co-investment platform model and brand-led community GTM, though Antler also actively builds startups rather than just aggregating capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Misfits social profiles
Digital presenceMisfits financial estimates
Financial estimateRevenue estimate
Valuation estimate
Misfits leadership team
Management profileNumber of profiles
Profiles6 records
Misfits funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Misfits M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Misfits
What does Misfits do?
Misfits is a community-driven startup investing platform that enables retail/high-net-worth individuals to co-invest alongside top-tier VCs (Peak XV, Accel, Nexus, Khosla Ventures, Y Combinator) in curated Indian startups. Members pay a tiered setup fee (2-5% based on AUM) plus 15% performance carry, and invest via a SEBI-registered AIF vehicle (Salil Chakrabarty Innovation Fund, SCIF) with a minimum ₹50,000 per deal and ₹2 lakh minimum deposit.
Is Misfits a public or private company?
Misfits is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Misfits founded?
Misfits was founded in 2023. It employs 1 to 10 people.
Where is Misfits based?
Misfits is headquartered in Gurugram, India, in the Asia region.
How does Misfits make money?
Two revenue lines are on record. Placement/Setup Fee is the primary driver. The others are carry (Performance Fee).
Who are Misfits's main competitors?
Direct peers on record are WeFunder, StartEngine, Mumbai Angels, LetsVenture, Republic, ah! Ventures, AngelList India and Inflection Point Ventures. Keiretsu Forum is listed as a broad incumbent. Antler is listed as an emerging player.
Does Misfits have an API?
No public API is recorded for Misfits.
What industry is Misfits in?
Misfits's product category is Retail Startup Investing Platform. Its primary akta.pro industry code is FSANALAG, Micro-PE / Lower Middle Market ETA Funds. Its NAICS code is 5259 and its SIC code is 6799.