HomeIndia8i Ventures Launches $10M Seed Program For Indian Startups

8i Ventures Launches $10M Seed Program For Indian Startups

Vikram Chachra, Founding Partner and Vishwanath V, General Partner, 8i Ventures
Vikram Chachra, Founding Partner and Vishwanath V, General Partner, 8i Ventures

8i Ventures, a Mumbai, India-based early-stage venture capital firm, launched “Origami“, a seed funding program aimed at supporting early stage founders.

The firm, which announced the first close of its $50m second fund by raising $25m in winter, has committed $10m to launch this initiative.

Founded in 2019 by Vikram Chachra & Vishwanath V, the firm is committed to backing in the next generation of business leaders in fintech, commerce and consumer categories. It is an early backer of companies such as Slice, M2P, Easebuzz and Blue Tokai among others.

By investing up to $2m in pre-seed to early revenue phase startups, 8i Ventures seeks to accelerate startup growth across industries. Participating startups will be funded with $250k-$2M depending on their needs. 

Through this seed program, 8i Ventures targets those businesses in the pre-seed to early revenue stage. The program will follow the “1-2-4 model” ensuring a streamlined process with a response within 1 week, a term sheet in 2 weeks, and deal closure in 4 weeks.

To participate in Origami, founders can visit https://8ivc.com and complete a brief questionnaire outlining their venture.

VCWire

13/03/2024