3rd June 2024- 100X.VC, a leading early-stage venture capital firm, has announced a substantial investment of $2.7 million in 17 startups as part of its eleventh cohort. The recent VC Pitch Day attracted over 400 investors, reflecting strong interest in the Indian startup ecosystem.
The firm, registered with SEBI as a Category I Alternate Investment Fund, focuses on nurturing promising startups. Out of over 1,500 applicants, 17 startups were meticulously selected for this cohort after thorough evaluation, bringing the total number of investments in the firm’s portfolio to 161.
Founded in 2019 by Sanjay Mehta, Ninad Karpe, Shashank Randev, Yagnesh Sanghrajka, and Vatsal Kanakiya, 100X.VC is known for its innovative use of India SAFE Notes for early-stage investments. Backed by Mehta Adventures, the firm actively mentors and supports its portfolio companies to enhance their product offerings and go-to-market strategies.
Ninad Karpe, Founder & Partner at 100X.VC, expressed enthusiasm about the latest cohort, highlighting the diversity of sectors represented, including B2B SaaS, Healthtech, and Food & Beverage. He emphasized the transformative potential of India’s startup ecosystem, underscoring the promising opportunities showcased by the startups in Class 11.
The selected startups span various industries, including technology, healthcare, and consumer goods. Notable among them are Anyway.ai, Deepvue.tech, and Hummsa Biotech, reflecting the firm’s commitment to supporting innovation across different sectors.
Conclusion
100X.VC’s latest investment in 17 startups demonstrates its ongoing dedication to fostering growth and innovation within the Indian startup landscape. With a diverse portfolio and strong mentorship support, the firm continues to play a pivotal role in nurturing the next generation of entrepreneurial talent.
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