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8i Ventures leads $4 Mn Series A round in TransBnk

EntrackrEntrackr · 1y ago
8i Ventures leads $4 Mn Series A round in TransBnk
Medial

Mumbai-based fintech startup TransBnk has raised $4 million in Series A funding round led by 8i Ventures. The round also saw participation from Accion Venture Lab, GMO Venture Partners, Ratio Ventures, and Force Ventures along with a group of family offices, institutions, and angel investors. The Mumbai-based fintech startup had previously raised $1 million in seed funding led by 8i Ventures back in June 2023. The proceeds will be allocated towards expanding the network of banking partners, making foray into the Middle East and SouthEast Asia markets, bolstering its tech infrastructure, and enhancing product stack, TransBnk stated in a press release. Co-founded in 2022 by Vaibhav Tambe, Lavin Kotian, Sachin Gupta, and Pulak Jain, TransBnk is a transaction banking platform enabling corporate, commercial and institutional clients to make agile, secure and robust transactions with embedded finance and SaaS. It aims to provide deep domain expertise to ensure seamless business transactions for domestic cash management and payments, escrows, trade finance, supply chain finance and custodial services in close collaboration with banks. According to market research, transaction banking is holding $1 trillion global market potential and is projected to be a $2 trillion industry by 2030. TransBnk claims to have witnessed 10X revenue growth, forged partnerships with over 25 Banks, extending more than 200 APIs, while working with 100 BFSI clients. The platform also claims that it has supported over 5,000 accounts including escrows and processed more than 50 million transactions. TransBnk may directly or indirectly compete with other companies like Razorpay, Cashfree Payments, Decentro, Knight Fintech, Digio and others.

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8i Ventures launches $10 Mn seed program 'Origami'

EntrackrEntrackr · 2y ago
8i Ventures launches $10 Mn seed program 'Origami'
Medial

Venture capital fund 8i Ventures today announced the launch of ‘Origami’, a seed funding program aimed at supporting early stage founders. Through this seed program, 8i Ventures targets those businesses in the pre-seed to early revenue stage, prioritizing ‘speed’ as its hallmark feature. As per the fund, the new program will ensure a streamlined process with a response within one week, a term sheet in two weeks, and deal closure in just four weeks, facilitating fundraise for founders without delays or distractions. Founded in 2019 by Vikram Chachra & Vishwanath V, the company is committed to nurturing the next generation of business leaders. By investing between $250K to $2 million in pre-seed to early revenue phase startups, 8i Ventures seeks to accelerate startup growth across industries. 8i Ventures is an early backer of companies such as Slice, M2P, Easebuzz, Transbnk, BharatX and Blue Tokai, among others. Vikram Chachra said the the firm aims to invest in 8-10 startups this year, and if this initiative is well-received, it may double its allocation to $20 million. During the funding winter (November 2022), 8i Ventures announced the first close of its $50 million second fund by raising $25 million. The firm has alloted $10 million from Fund II, to launch this initiative.

8i Ventures to double down on early-stage investments with Origami

EntrackrEntrackr · 1y ago
8i Ventures to double down on early-stage investments with Origami
Medial

8i Ventures, an early-stage venture capital fund, has announced the second edition of its pre-seed funding program Origami, aimed at supporting early-stage founders. The program’s first edition, launched in March 2024, saw the fund invest $600,000 across three startups: Cobalt, a SaaS platform for native integrations; Cautio, a fleet dashcam and video telematics platform; and another pre-launch startup. According to 8i Ventures, the Origami program offers rapid access to funding, with a streamlined process that guarantees a response within one week, a term sheet in two weeks, and deal closure in just four weeks. The firm recently announced the first close of its $50 million second fund, raising $25 million. Out of this, $10 million has been allocated to the Origami initiative. 8i Ventures seeks founders with a clear vision and a deep understanding of their customers' pain points. The firm aims to support teams with a well-rounded skill set, encompassing technology, product development, and sales, providing them with rapid funding and support to turn their ideas into successful businesses. The venture fund boasts a strong track record with early-stage investments. For instance, its first investment of $200,000 in M2P Technologies delivered 36x returns, with M2P recently raising a round at an $800 million valuation. Other notable early investments include Slice, Easebuzz, and Bbetter, which have grown significantly after receiving seed funding from 8i Ventures. Over the last decade, 8i Ventures and its partners have backed over 50 seed and early-stage startups, creating more than $5 billion in value for shareholders in India and globally. Their portfolio includes challenger brands such as Slice, Kodo, Blue Tokai, and Carwale.com (NSE: CARTRADE), as well as fintech enablers like M2P, Signzy, Easebuzz, BharatX, Transbnk, and EzeTap.

ReelSaga raises $2.1 Mn in seed round led by Picus Capita

EntrackrEntrackr · 10m ago
ReelSaga raises $2.1 Mn in seed round led by Picus Capita
Medial

ReelSaga, a mobile-first entertainment startup, has raised $2.1 million in a seed funding round led by Picus Capital. The round also saw participation from ITI Growth Opportunities Fund, Nazara Technologies, 8i Ventures, Waveform Ventures, Warmup Ventures, Bombay54, Bharat Founders Fund, and several angel investors. The proceeds will be used to enhance app development and produce high-quality, localized content targeted at mobile users in India, Southeast Asia, and the Middle East regions. Founded in 2024 by Shubh Bansal, Shanu Vivek, and Ritesh Pandey, ReelSaga’s platform offers vertical, short-form dramas ranging from 1–2 minutes per episode, blending storytelling with quick, binge-worthy content. The founders, who previously co-founded Truebil (later acquired by Spinny), aim to redefine mobile entertainment through hyper-personalized content powered by data science and product innovation. Microdramas—a popular format in China with over 5,000 series produced each year—are emerging as a mainstream entertainment choice. ReelSaga plans to introduce this trend to India with localized, emotionally engaging short episodes. ReelSaga’s app is now live, marking its entry into India’s evolving digital entertainment landscape.

QSR chain Boba Bhai raises $4.3 Mn

EntrackrEntrackr · 9d ago
QSR chain Boba Bhai raises $4.3 Mn
Medial

Quick service restaurant (QSR) chain Boba Bhai has secured $4.3 million (approx. Rs 40 crore) in a funding round from its existing investors 8i Ventures, Titan Capital, Winners Fund, and Global Growth Capital, along with participation from Big Capital and other angel investors. The Bengaluru-based startup had earlier raised Rs 30 crore (around $3.4 million) in its Series A round led by 8i Ventures in January last year and Rs 12.5 crore in a seed funding round led by Titan Capital and Global Growth Capital UK. The proceeds will be deployed to accelerate store expansion, strengthen leadership, and launch new products, Boba Bhai said in a press release. Launched in 2023 by Dhruv Kohli, Boba Bhai specializes in Korean-inspired fusion cuisine and bubble tea. The company operates multiple outlets and cloud kitchens and aims to scale to 300 stores by 2026, offering items like gochujang burgers, K-pop-inspired dishes, and packaged beverages. Boba Bhai offers more than 45 bubble tea flavors, Korean-style burgers, Korean fried chicken, rice/noodle bowls, and fries. It operates with a mix of offline stores and high-volume delivery through Swiggy, Zomato, and Blinkit. The brand said it is growing by about 40–50% month-on-month on quick commerce and intends to be present on all platforms while entering more cities. It aims to cross Rs 100 crore ARR in the next two months. According to Boba Bhai, it reported revenue of Rs 5 crore in FY24, which increased to Rs 30 crore in FY25. The brand claims to currently have 90 outlets across the country, with about 55 outlets offering seating options and the rest acting as delivery hubs.

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