8i Ventures, a venture capital fund, has announced the inauguration of ‘Origami’, a seed funding initiative designed to support early-stage founders. This program by 8i Ventures targets startups in the pre-seed to early revenue stage, emphasizing rapidity as its distinguishing characteristic. According to the fund, Origami ensures an efficient process, promising a response within one week, a term sheet within two weeks, and deal closure within four weeks, facilitating fundraising for founders with minimal delays or distractions.
Established in 2019 by Vikram Chachra and Vishwanath V, 8i Ventures is dedicated to fostering the next generation of business leaders. By investing amounts ranging from $250,000 to $2 million in startups at the pre-seed to early revenue stages, 8i Ventures aims to accelerate the growth of startups across various industries.
Noteworthy investments by 8i Ventures include Slice, M2P, Easebuzz, Transbnk, BharatX, and Blue Tokai, among others.
Vikram Chachra stated that the firm intends to invest in 8-10 startups this year, with the possibility of doubling its allocation to $20 million if this initiative receives positive feedback.
During the funding winter in November 2022, 8i Ventures announced the first close of its $50 million second fund by raising $25 million. The firm has allocated $10 million from Fund II to launch this initiative.
