Venture capital powerhouse 8i Ventures has unveiled a groundbreaking initiative poised to transform the startup landscape: the ‘Origami’ seed funding program. With a formidable $10 million allocation from their second fund, 8i Ventures is primed to expedite the growth trajectories of early-stage startups.
Embracing the ethos of agility, ‘Origami’ prioritizes speed as its defining characteristic. This program offers a beacon of efficiency for entrepreneurs navigating the tumultuous waters of early-stage fundraising. From initial contact to deal closure, 8i Ventures commits to a streamlined process, promising responses within a week, term sheets within two weeks, and deal closure in just four weeks. This accelerated timeline ensures that founders can secure vital capital without the burdensome delays often plaguing traditional fundraising endeavours.
Since its inception in 2019 by visionaries Vikram Chachra and Vishwanath V, 8i Ventures has remained steadfast in its mission to cultivate the next generation of industry leaders. By extending investments ranging from $250,000 to $2 million to startups in the pre-seed to early revenue phases, 8i Ventures empowers entrepreneurs across diverse sectors to realize their ambitions.
Notable for its early backing of trailblazing companies such as Slice, M2P, and BharatX, 8i Ventures has cemented its reputation as a discerning investor with a keen eye for innovation. With ‘Origami’, the venture capital titan reaffirms its commitment to fostering innovation and driving entrepreneurial success.
Vikram Chachra, co-founder of 8i Ventures, articulated the firm’s ambitious goals, stating their intent to invest in 8-10 startups this year alone. Moreover, buoyed by the potential success of the ‘Origami’ program, Chachra hinted at the possibility of doubling the allocation to a staggering $20 million—a testament to the firm’s unwavering confidence in the transformative power of early-stage entrepreneurship.
Amidst a funding winter characterized by uncertainty and reticence within the investment landscape, 8i Ventures has emerged as a beacon of resilience and optimism. In November 2022, the firm announced the first close of its $50 million second fund, securing $25 million in investments. Leveraging $10 million from this fund, 8i Ventures embarks on its latest venture with ‘Origami’, poised to catalyze innovation and propel the next wave of disruptive startups to unparalleled heights.
