8i Ventures has introduced Origami -a $10 million fund to benefit early stage startups. The early-stage venture capital fund fund aims to provide capital in the range of $250,000 to $2 million, to support startups at the seed stage, with a promise- response in 1 week. Decision in 2 weeks. Deal closure in 4 weeks.
The new fund which claims the fund to be a “1-2-4” model, with a commitment to strike deals is shortest possible days receiving proposals from startups. The company mentions in application – We have a simple set of questions designed to help us understand your venture idea or business. We encourage you to take your time to reflect and answer them, give you access to the capital you need, right when you need it.
Origami to fund up to 10 startups this year
“Some of the most successful startups have been created in the deepest of funding winters. Uber, Airbnb and WhatsApp were all incorporated during the great financial crisis of 2008. We believe that there has never been a better time to build than right now which is why we created ‘Origami’,” said Vikram Chachra, Founding Partner, 8i Ventures.
“Through this seed programme, we aim to invest in 8-10 startups this year, and if this initiative is well-received, we hope to double our allocation to $20 million,” Chachra added.
The VC firm said startups at the pre-seed to early revenue stage will benefit from this new fund. So, if you are building from a non-metro city or solving an India-specific problem here is the fund you can tap on.
“Origami is meant to simplify fundraising for founders who would prefer to use their bandwidth on customers rather than on long fundraising cycles. We’re here to support great teams and help them build successful ventures with a swift, transparent decision-making process,” Vishwanath V, Partner, 8i Ventures said.
Founded in 2019, 8i Ventures has backed startups including Slice, M2P, Easebuzz, and Blue Tokai, among others. It has launched two funds, with the first fund being Rs 100 crore in size. In November 2023, the company raised $25 million as the first close of its $50 million second fund.
