Liquidity Events
8i Ventures exits M2P Fintech with 12x returns, taking Rs.116-Cr
Mumbai-based early stage venture capital firm 8i Ventures has fully exited from Chennai-headquartered fintech startup M2P Fintech with a 12x return. The firm made INR 115.9 crore from its initial investment of INR 9.7 crore over 4.5 years ago.The exit was part of the M2P Fintech’s INR 850 crore fund raise in September which included both primary and secondary transactions.Founded in 2014 by Madhusudanan R, Muthukumar A, and Prabhu R, M2P Fintech is an API (Application Programming Interface) infrastructure builder that enables businesses to embed financial services. It provides payment processing, card issuance, core banking systems, and lending infrastructure.
8i had first invested in M2P in Apr 2020. Between Apr 2020 and Sep 2024, M2P has raised about USD 215 M from 8i Ventures, Beenext, DMI Group, Flourish Ventures, Omidyar Network, Tiger Global, Better Capital, Insight Venture Partners, MUFG Innovation Partners, Visa, Anicut Capital, and Helios Investment Partners.
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