TLDR:
- 8i Ventures has launched a new $10 million seed fund named Origami to invest in pre-seed to early revenue startups.
- The fund will double the allocation to $20 million if well received.
8i Ventures, an early-stage startup fund, has announced the launch of a new $10 million seed fund called Origami. The fund aims to invest between $250k to $2 million in pre-seed to early revenue phase startups across various industries. Selected startups will receive a response within one week, a term sheet in two weeks, and deal closure in four weeks.
Founded in 2019 by Vikram Chachra and Vishwanath V, 8i Ventures has been an early supporter of companies like Slice, M2P, Easebuzz, Blue Tokai, among others. The fund stated that it will look to invest in 8-10 startups this year. The fund will double its allocation to $20 million if well received, with $10 million being allotted from its Fund II to launch the seed program.
8i Ventures has invested in over 50 seed to early-stage startups over the last decade, primarily focusing on fintech, commerce, and consumer categories. The Indian startup ecosystem saw substantial growth in seed funding in 2023, with a total of $8.4 billion invested, out of which $0.779 billion was at the seed stage.
In conclusion, Origami by 8i Ventures aims to support early-stage startups with significant funding and quick response times to foster innovation and growth in the Indian startup ecosystem.
