8i Ventures launches $10M seed program ‘Origami’ to support early-stage startups

Venture capital fund 8i Ventures has unveiled a new seed funding initiative named ‘Origami’. The program is designed to support early-stage founders by offering investments ranging from $250K to $2 million.

Founded in 2019 by Vikram Chachra and Vishwanath V, The firm will target businesses in the pre-seed to early revenue stage to revolutionize the funding process with its promise of speed and efficiency.

Differentiating from others 

Origami distinguishes itself by promising a swift funding process. Selected startups can expect a response within one week, a term sheet in two weeks, and deal closure in just four weeks. The expedited process aims to minimize delays and distractions for founders, allowing them to focus on growing their businesses.

Expanding horizons

While 8i Ventures has previously focused on fintech, consumer, and software sectors, Origami opens its doors to startups across all industries. Founding partner Vikram Chachra emphasizes the firm's belief in innovation's boundless potential, stating, "We believe innovation can happen in any sector and we remain open to all possibilities."

A response to the funding winter

The launch of Origami comes at a time when the startup ecosystem faces a so-called funding winter. Chachra remarks on the historical emergence of successful startups during challenging times, citing examples like Uber, Airbnb, and WhatsApp. He expresses optimism for the current climate, saying, "We believe that there has never been a better time to build than right now."

8i Ventures plans to invest in 8-10 startups this year through Origami and may double its allocation to $20 million if the initiative is well-received. The firm, which has backed notable companies such as Slice, M2P, and Blue Tokai, aims to continue its legacy of nurturing promising startups.