Slice-backer 8i Ventures raises $50M in Fund II

8i Ventures, based in Mumbai, has secured $50 million for its Fund II, with the goal of investing in fintech firms since the creator believes that “every customer friction point in finance and consumer represents a billion-dollar startup opportunity.”

In 2020, the early-stage investment firm will raise its first fund of $13 million.

8i Ventures, which was founded in 2018, would invest between $500,000 and $5 million in early-stage firms in exchange for 10-20% equity.

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