8i Ventures Marks The First Closure Of $50 Mn Fund

8i Ventures Marks The First Closure Of $50 Mn Fund

SUMMARY

The first half of the fund has been backed by family offices including Salgaocars and Kothari and some early institutional investors from India and Japan

The fund will have a green shoe option of about $15-$20 Mn and is likely to close by March 2023

It will invest between $1 Mn and $2 Mn in 15-20 seed-stage and growth-stage startups working in fintech and commerce industry in the coming three and a half years

Venture capital firm 8i Ventures has raised $25 Mn, marking the first closure of its $50 Mn second fund. The fund will have a green shoe option of about $15-$20 Mn and is likely to close by March 2023. 

The first half of the fund has been backed by family offices including Salgaocars and Kothari and some early institutional investors from India and Japan.

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