"VC firm 8i Ventures partially exits M2P Fintech at IRR of 41

CHENNAI: Early-stage venture capital firm 8i Ventures said on Monday that it has partially exited its seed investment in M2P Fintech at a 36X multiple clocking an IRR (inter of 415% over the two-year period. The firm executed the partial exit as part of M2P Fintech's Series C funding round in

Chennai-based M2P, which offers Banking-as-a-Service (BaaS) to fintech and NBFCs, is among the portfolio winners of 8i Ventures, the firm said, noting that it is exiting only these round share of its total investment and it will continue to hold more than 75% of its original stake 8i backed M2P in its seed, Series A and Series B rounds of funding, and its total investment stands at around $1.3m

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