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

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