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Venture Capital
8i.vc

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Investments

9

Funds

1

About 8i Ventures

8i is a Mumbai & Bangalore based early-stage fund that backs founders creating fintech and consumer category leaders in India.

8i Ventures Headquarter Location

Mumbai,

India

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Latest 8i Ventures News

8i Ventures Launches Its Second Fund After slice, M2P Success

Dec 2, 2021

Share story Share story The venture capital firm’s portfolio includes the likes of slice, M2P, EaseBuzz, Blue Tokai and Bbetter. The last week of November saw the Indian startup ecosystem raising funds worth $1.8 Bn across 38 deals. Early-stage venture capital (VC) fund 8i Ventures has launched 8i Fund II—a corpus of $50 Mn that comes after the $13 Mn 8i Fund I. Fund I had startups like slice, M2P, EaseBuzz and Blue Tokai on its portfolio. Founded in 2019 by entrepreneur and angel investor Vikram Chachra and Vishwanath V, 8i has funded seven early-stage startups including Difenz (digital risk and fraud management), EaseBuzz (online payment collector) and Bbetter (Indian supplements brand). 8i Fund II is targeted at investing in a larger portfolio, with higher ownership. The bigger fund will allow the VC firm to make bigger bets while remaining focused on early-stage startups. The ticket size of investments will range between $500k and $5 Mn depending on the growth stage and maturity of the company. 8i Ventures expects the first close of the fund during the first quarter of 2022. ‘We now have the firepower to lead Seed and A deals and support our companies till they break out and attract late-stage VCs’, says Vikram Chachra, founding partner at 8i Ventures. According to the VC firm, three out of six startups seeded by Fund I have multiplied their GMV by between 7x and 28x in the last eighteen months. It expects several Fund I companies to achieve initial public offering (IPO) scale in the next 24-36 months. Bengaluru-based fintech startup slice, part of 8i Fund I portfolio, became a unicorn last month after raising $220 Mn in its Series B round led by Tiger Global and Insight Partners at a billion-dollar valuation. Advent International’s Sunley House capital, Moore Strategic Ventures, Anfa Gunopsy, and existing investors Blume Ventures and 8i also participated in slice’s Series B round. 8i Ventures led the seed funding rounds for payments startups M2P and EaseBuzz. According to the firm, M2P’s valuation has grown 30x since 8i seeded it in January 2020. EaseBuzz, in the meanwhile, is preparing for an IPO, 24 months after 8i led its seed round. After a significant drop in investments in the penultimate week of November, the Indian startup ecosystem ended the month on a high note with investments totalling about $1.8 Bn made across 38 deals.

8i Ventures Investments

9 Investments

8i Ventures has made 9 investments. Their latest investment was in Slice as part of their Series B - II on November 11, 2021.

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8i Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/28/2021

Series B - II

Slice

$220M

Yes

12

10/12/2021

Series C

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$99M

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10

4/1/2021

Seed VC

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$99M

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10

3/16/2021

Series B

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$99M

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10

4/21/2020

Series A

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$99M

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10

Date

11/28/2021

10/12/2021

4/1/2021

3/16/2021

4/21/2020

Round

Series B - II

Series C

Seed VC

Series B

Series A

Company

Slice

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Amount

$220M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

12

10

10

10

10

8i Ventures Fund History

1 Fund History

8i Ventures has 1 fund, including 8i Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/2/2021

8i Ventures II

$50M

2

Closing Date

12/2/2021

Fund

8i Ventures II

Fund Type

Status

Amount

$50M

Sources

2

8i Ventures Team

1 Team Member

8i Ventures has 1 team member, including current Founding Partner, Vikram Chachra.

Name

Work History

Title

Status

Vikram Chachra

Founding Partner

Current

Name

Vikram Chachra

Work History

Title

Founding Partner

Status

Current

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