8X Ventures
8X Ventures is a Dubai-headquartered DeepTech venture capital firm (founded 2021) managing a 2024 SEBI-registered Category II fund with ₹300 crore corpus, investing seed-to-Series A capital across Quantum Computing, Biotech, Water Health, Industry 4.0, Spacetech, Semiconductors, and Robotics startups in India and Southeast Asia.
- Company typePrivate
- Founded2021
- HeadquartersChennai, India
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 8X Ventures does
8X Ventures is a Dubai-headquartered DeepTech venture capital firm founded in 2021, operating two fund vehicles: an inaugural 2022 Delaware-focused fund and a 2024 SEBI-registered Category II alternative investment fund in India with a corpus of ₹200 crore plus an additional ₹100 crore, targeting 18-20 Indian deeptech startups. The firm focuses on four core investment verticals — Quantum Computing, Biotech, Water Health Sanitization, and Industry 4.0 — while its actual portfolio spans a broader set including Spacetech, Semiconductors, Robotics, Cybersecurity, Cleantech, and SaaS. Portfolio companies include Neuralzome Cybernatic ($2.4M pre-seed), TIEA Connectors (₹77 crore Series A), Trishul Space (₹4 crore pre-seed), Enerzi (₹16.5 crore seed), Pantherun Technologies ($12M Series A), LightSpeed Photonics ($6.5M pre-Series A), Xyma Analytics, D-Nome, Solinas Integrity, and SanchiConnect.
The firm's revenue model follows standard VC economics — recurring management fees on committed capital (typically ~2% annually) during the investment period, plus performance-based carried interest (typically ~20% above hurdle) on successful exits. As of the input data, the firm has not disclosed any realized exits, meaning revenue is likely limited to management fees on the second fund's corpus and any fee income from the inaugural Delaware fund. The firm operates from Dubai (HQ), Chennai (regional HQ at IIT Madras Research Park), and Noida (described as 'India's First Private DeepTech Hub'), with a nine-person team led by Managing Partner Chirag Gupta.
Distribution of capital occurs through a hybrid sales-led and community-led model: direct founder outreach via [email protected], channel partnerships with academic incubators (IIT Madras Research Park, FITT-IIT Delhi, ITEL), participation in DeepTech forums and media (Economic Times, Inc42, Entrepreneur, Doordarshan News), and content marketing via blog and video. The firm's go-to-market emphasizes being an early believer in category-defining companies at the TRL 4-6 'valley of death' where government grants end before traditional VC capital arrives, addressing structural failures in Indian DeepTech including IP ownership ambiguity and premature scaling.
8X Ventures firmographics
Firmographics- Name
- 8X Ventures
- Legal name
- 8X Ventures
- Website
- https://8xventures.co
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- 8X Ventures is a Dubai-headquartered DeepTech venture capital firm (founded 2021) managing a 2024 SEBI-registered Category II fund with ₹300 crore corpus, investing seed-to-Series A capital across Quantum Computing, Biotech, Water Health, Industry 4.0, Spacetech, Semiconductors, and Robotics startups in India and Southeast Asia.
- Ownership category
- akta.pro rank
8X Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where 8X Ventures is headquartered
LocationHeadquarters
- HQ city
- Chennai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
8X Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D
Revenue model
- Management Fees: VC firms typically charge management fees on committed capital during the investment period
- Carried Interest: Performance-based carry from successful portfolio company exits, typically 20% of profits above the hurdle rate
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
8X Ventures product offering
Product offeringCore offering
8X Ventures is a DeepTech venture capital firm that invests in early-stage startups operating in Quantum Computing, Biotech, Water Health Sanitization, and Industry 4.0. It deploys capital through two fund vehicles — a 2022 Delaware-focused First Fund and a 2024 SEBI-registered CAT II Second Fund with a ₹300 crore corpus — providing equity financing, strategic guidance, and network access to 18-20 portfolio companies.
Product overview
8X Ventures is a DeepTech Venture Capital Firm offering two fund investment vehicles: the First Fund (2022, Delaware-focused) targeting WASH, Industry 4.0, Computing, and Biotech; and the Second Fund (2024, SEBI-registered CAT II) targeting Indian deeptech with ₹200 crore plus ₹100 crore corpus. The firm focuses on investing in Quantum Computing, Biotech, Water Health Sanitization, and Industry 4.0 sectors, providing capital and strategic support to approximately 18-20 portfolio companies.
Differentiator
Problem solved
Functional benefit
Products and services
- First Fund 8X Ventures' inaugural fund launched in 2022, a Delaware-focused investment vehicle targeting WASH (Water, Sanitation, and Hygiene), Industry 4.0, Computing, and Biotech startups primarily in India and Southeast Asia.
- Second Fund 8X Ventures' second fund launched in 2024, a SEBI-registered CAT II fund dedicated to investing in the Indian deeptech sector with a corpus of ₹200 crore plus an additional ₹100 crore, aiming to support 18-20 startups including follow-on investments.
Quantifiable outcome
- 18+ portfolio companies supported across DeepTech sectors
- +2 more outcomes
Companies that use 8X Ventures
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles1 record
8X Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
8X Ventures partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- IIT Madras Research ParkcoreStrategic partnership with IIT Madras Research Park for ecosystem engagement, co-location, and access to DeepTech startups emerging from one of India's premier technology institutions. The firm maintains office space at the research park.
- IIT Delhi (FITT)corePartnership with Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi for sourcing and supporting spacetech startups including Trishul Space.
Scale indicators5 records
Recent moves10 records
Expansion highlights5 records
8X Ventures competitors and assessment
Company assessmentDirect peers
- Speciale Invest: India-focused early-stage DeepTech VC investing in enterprise, deep science, and frontier technology startups. Closest direct comparable by vertical focus and India DeepTech specialization.
- Ankur Capital: India-focused early-stage VC backing deep science and tech-enabled startups across health, agriculture, and industrials. Comparable as an India deep science and DeepTech specialist.
- pi Ventures: India-focused early-stage fund investing in AI, DeepTech, and frontier tech from seed to Series A. Comparable in stage, geography, and thematic focus on AI/computing verticals.
- Ideaspring Capital: India-focused early-stage fund investing in enterprise and DeepTech startups. Similar thesis in backing IP-led, technology-driven founders at pre-seed/seed.
Broad incumbents
- Kalaari Capital: India-focused early-stage VC investing in technology and DeepTech-enabled startups. Comparable in stage and geography, though broader across consumer/enterprise than a pure DeepTech specialist.
- Lux Capital: US-based DeepTech-focused VC investing across quantum, biotech, space, and frontier tech at larger check sizes. Comparable by DeepTech vertical specialization but with substantially larger AUM and global mandate.
- Peak XV Partners: India's largest VC firm (formerly Sequoia India) with growing DeepTech exposure across stages. Comparable as an India VC writing larger DeepTech checks, but with a broad multi-stage mandate rather than a pure DeepTech focus.
- DCVC (Data Collective): US-based DeepTech VC backing companies applying deep tech across computing, life sciences, and industrials. Comparable by DeepTech thematic focus; larger and more established.
Regional players
- IQ Capital: UK-based DeepTech specialist VC investing in quantum, AI, photonics, and biotech. Comparable by DeepTech vertical focus and seed-to-Series A stage, though UK-anchored rather than India-focused.
Others
- Auxano Capital: India-focused early-stage investor that has co-invested with 8X Ventures (e.g., led SanchiConnect bridge round). Comparable as an India early-stage capital partner though broader sector mandate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
8X Ventures social profiles
Digital presence8X Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
8X Ventures leadership team
Management profileNumber of profiles
Profiles9 records
8X Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
8X Ventures M&A and investment
M&A and investmentM&A
Investments16 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 8X Ventures
What does 8X Ventures do?
8X Ventures is a DeepTech venture capital firm that invests in early-stage startups operating in Quantum Computing, Biotech, Water Health Sanitization, and Industry 4.0. It deploys capital through two fund vehicles — a 2022 Delaware-focused First Fund and a 2024 SEBI-registered CAT II Second Fund with a ₹300 crore corpus — providing equity financing, strategic guidance, and network access to 18-20 portfolio companies.
Is 8X Ventures a public or private company?
8X Ventures is a private company. It is classified as management employee owned and is currently operating.
When was 8X Ventures founded?
8X Ventures was founded in 2021. It employs 1 to 10 people.
Where is 8X Ventures based?
8X Ventures is headquartered in Chennai, India, in the Asia region.
How does 8X Ventures make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are 8X Ventures's main competitors?
Direct peers on record are Speciale Invest, Ankur Capital, pi Ventures and Ideaspring Capital. Broad incumbents are Kalaari Capital, Lux Capital, Peak XV Partners and DCVC (Data Collective). IQ Capital is listed as a regional player. Auxano Capital is listed as an others.
Does 8X Ventures have an API?
No public API is recorded for 8X Ventures.
What industry is 8X Ventures in?
8X Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 523940 and its SIC code is 6282.