SPV or Special Purpose Vehicles are legal entities (lacking physical existence) created with an intent to isolate financial risk and manage funds. SPVs, also known as Syndicates, have a particular purpose. In the case of Startup Investment, the special purpose is to accumulate funds from different investors and deploy the same in the chosen Startup. Based on the share of Investment, the SPV gets the equity allotment. Further, according to Cap Tables, the equity share is allocated to participating investors.