Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»Early-stage VC firm 8i Ventures exits M2P Fintech with massive 12x returns
    Fintech

    Early-stage VC firm 8i Ventures exits M2P Fintech with massive 12x returns

    October 18, 20243 Mins Read


    Early-stage venture capital firm 8i Ventures has fully exited its investment in M2P Fintech, achieving a remarkable 12x return on its initial capital.

    The firm had originally invested Rs 9.7 crore in the fintech startup in January 2020, and with the recent exit, it realized a total return of Rs 115.9 crore.

    This exit was part of M2P Fintech’s recent $100 million capital raise, which included both primary and secondary transactions.

    “We got an opportunity to return the capital to our investors, and our limited partners are getting more capital than what they invested,” said 8i Ventures Founding Partner Vikram Chachra, describing the investment as a significant success for the firm.

    Investment in M2P fintech yields high returns

    8i Ventures’ decision to invest in M2P Fintech in 2020 was based on its belief in the company’s vision to create a global Banking-as-a-Service (BaaS) platform.

    At the time of the initial investment, M2P Fintech was valued at around $9 million. Today, the startup’s valuation has surged to approximately $600 million, which allowed 8i Ventures to generate an internal rate of return (IRR) of 131%, turning the initial investment into a substantial payout.

    Chachra highlighted how M2P Fintech evolved from a card-issuing platform to a broader BaaS provider, serving not just neo-banks but also small finance banks in India.

    The fintech now offers services ranging from core banking to loan origination and card issuance, which played a key role in boosting its value.

    Partial exit in 2022, full exit in 2024

    8i Ventures had previously made a partial exit from M2P Fintech in April 2022. The latest exit marks the firm’s complete withdrawal from the company, making it one of the most successful investments in 8i Ventures’ portfolio.

    The firm’s first fund, Fund I, used just 10% of its Rs 100 crore corpus for the M2P investment, but the exit generated 1.27 times the total corpus of the fund.

    This exit contributes to the overall strong performance of Fund I, which has seen a 2.5x growth with a 37% IRR. Other investments in this fund include startups such as Slice, Easebuzz, and Blue Tokai.

    M2P Fintech’s CEO and Co-founder Madhusudanan R. praised 8i Ventures for their support throughout the company’s growth phases, stating, “8i was the first venture capital fund to believe in M2P Fintech’s vision… They have supported us in every funding round, from seed through Series B. For us, they feel more like co-founders than investors.”





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Report – Fintech adds billions to North of England economy and it’s growing

    Fintech

    5 high-ROI uses of RAG models in banking and fintech: By John Adam

    Fintech

    Ethics in focus as banks confront AI, fintech gap

    Fintech

    Top five fintech deals in Africa in H1

    Fintech

    Odisha To Launch Global FinTech Capability Hub In Bhubaneswar In August

    Fintech

    the revolution in finance and banking

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Property

    Justin Bieber hit with $380K bill for unpaid property taxes

    Investments

    Reno airport sells $238.3 million in bonds for key expansion

    Property

    La Filature : Villeurbanne réinvente un quartier industriel autour de l’économie mixte et durable

    Editors Picks

    Risesun Real Estate annonce une perte nette de 895,3 millions de yuans au premier trimestre

    April 27, 2025

    Mining Bitcoin with 5 Best Free Crypto Cloud Mining Sites in 2025

    February 11, 2025

    Asia-Pacific Strategic Investments continuera de suivre de près l’évolution de l’enquête sur le PDG et le directeur général.

    May 8, 2025

    Commodities Steady as China Pledges More Support for Growth – BNN Bloomberg

    October 13, 2024
    What's Hot

    China Keeps Adding Gold to Reserves as Challenges Stack Up

    May 7, 2025

    XAU/USD slumps below $3,250 amid hope for US-China trade deal

    April 30, 2025

    Purpose Investments Announces Upcoming Termination of Purpose Special Opportunities Fund

    April 4, 2025
    Our Picks

    Opportunities for Digital Assets in a Fractured World

    July 11, 2025

    Filecoin Surges to $3.300 – Is Aureal One the Next Big Cryptocurrency in 2025?

    February 28, 2025

    The Hidden Risks of Digital Currency: Navigating Cybersecurity in the Age of Web3

    March 6, 2025
    Weekly Top

    Trade Tensions: The U.S. and India at an Agricultural Crossroads

    August 1, 2025

    Ethics in focus as banks confront AI, fintech gap

    August 1, 2025

    Andhra Pradesh Aims For $150 Billion in Investments With Launch Of Electronics Policy 4.0

    August 1, 2025
    Editor's Pick

    Cryptocurrency Craze To Crash: From Rs 70 Lakh To Rs 4 Lakh

    March 28, 2025

    Santander UK Partners with Token.io to Enhance Open Banking Payments

    October 15, 2024

    Portland General Electric shares five tips to avoid potential scammers

    July 16, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.