Business Standard

Investor Ravi Chachra launches $75-mn venture debt marketplace for startups

Part of Y-Combinator's winter 2022 batch, 8vdx has already disbursed $2.8 mn to 16 startups, including two from India

money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding
Premium

BS Reporter New Delhi
8vdX, a venture debt marketplace for startups, has been set up by Ravi Chachra and Vijay Lavhale with an aim to disburse $75 million within the next 12 months to startups.

8vdX is part of Y-Combinator's (YC) winter 2022 batch that offers venture debt helping founders minimise dilution across sectors and geographies.

During the past three months, the platform has offered debt amounting to $2.8 million to 16 startups, including two from India, the second-largest country in the current YC batch, after the US.

All Indian startups are required to ‘flip’ into an approved country in order to receive YC

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 24 2022 | 10:06 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com