100X.VC injects $2.7 million in 17 emerging & high-potential Startups
100X.VC, Early phase Venture Company on announced that it has put $2.7 million of investment in 17 start-ups in its eleventh cohort. The VC Pitch Day saw in excess of 400 financial backers.
According to 100X.VC, it worked with each founding team to improve their product and go-to-market (GTM) strategies by mentoring them. From a pool of more than 1,500 start-ups, 100X.VC selected 17 businesses for its Class 11 this year out of 307 shortlisted applicants.
100X.VC is a SEBI-enlisted ‘CAT I Alternate Investment Fund’. Mehta Ventures, Sanjay Mehta’s Family Office Investment division, provides funding for the venture capital firm.
100X.VC was established in 2019 by Sanjay Mehta, Ninad Karpe, Shashank Randev, Yagnesh Sanghrajka, and Vatsal Kanakiya. It is the first venture capital firm to use India SAFE Notes to invest in early-stage startups.
The fund is supported by Mehta Adventures, the Family Office Speculation arm of Sanjay Mehta.
Regarding to this subject, Ninad Karpe, Founder & Partner at 100X.VC says, “We are excited to unveil our newest cohort, Class 11, which comprises 17 groundbreaking startups. With these additions, our portfolio now has investments in 161 early-stage startups. In this cohort, our start-ups span diverse sectors such as B2B SaaS, API, Healthtech, ClimateTech, Food & Beverage, and Pet Tech. We are confident that India’s early-stage startup ecosystem is brimming with transformative potential, and the startups in Class 11 exemplify these promising opportunities.”
The selected 17 chosen early stage start-ups are Anyway.ai, Baylink, Deepvue.tech, EasyReplenish, FUTR Studios, GoCodeo, Hummsa Biotech, Kroto, Openleaf, Origgo, Orbit Wallet, Pet Chef, Pettle, The Naturik Co, Whitetable, Zircle, Zafo Technologies.
