VC Firm '8i Ventures' clocks 
115. 9 crore Investment return from M2P Fintech
After 4.5 years, venture capital firm 8i Ventures has announced its complete withdrawal from its M2P Fintech investment, generating an incredible 12x return. The exit was a component of the $100 million capital round that M2P Fintech recently completed, which comprised main and secondary investments.
With an internal rate of return (IRR) of 131%, 8i Ventures has increased its initial investment of 
9.7 crore to 115.9 crore. With just 10% of Fund I's capital, this one investment has produced 1.27 times the fund's whole corpus on a pre-tax basis.
9.7 crore to 115.9 crore. With just 10% of Fund I's capital, this one investment has produced 1.27 times the fund's whole corpus on a pre-tax basis.
In addition to exhibiting good overall performance, 8i Ventures' Fund I, which raised a total of $15.5 million and closed in July 2021, debuted in May 2019 and has a 37% internal rate of return (IRR) and a Multiple On Invested Capital (MOIC) of 3.3x.
Promising businesses like Blue Tokai, Slice, Easebuzz, and Bbetter are included in the fund's portfolio; several of these companies have IPOs planned in the near future. The newest company in the portfolio, Bbetter, is already turning a profit and hopes to double its revenue & sales this year, with a goal run rate of $10 million.
8i Ventures successfully closed its first fund at $25 million in 2022, and it has since introduced a $10 million seed funding program called "Origami" to assist burgeoning Indian start-ups. Eighti and its partners have backed more than sixty seed to early-stage firms in the past ten years.
Expressing to this strategic funding round, M2P Fintech CEO & Co-founder Madhusudanan R, “8i was the first venture capital fund to believe in M2P Fintech’s vision of creating a world-class BaaS infrastructure platform from India for the global market. They have supported us in every funding round, from seed through Series B. For us, they feel more like cofounders than investors”.
