Venture capital firm 100X.VC has made significant strides in the startup ecosystem with a $2.7 million investment in 17 startups as part of its 11th cohort. With this latest round of investments, 100X.VC has now completed a total of 161 investments since its inception in July 2019. Utilizing iSAFE notes for these investments, the firm has consistently supported early-stage startups across various sectors.
Operating on a class-based investment model, 100X.VC identifies and invests in startups even before the formal commencement of each class. For its 11th cohort, the firm meticulously selected 17 companies out of 307 shortlisted candidates from a pool of over 1500 startups. These startups are spread across 8 cities including Mumbai, Bangalore, Delhi, Pune, and Gurgaon. The announcement of the new portfolio companies was made at the in-person VC Pitch Day held in Mumbai on June 1st, 2024.
Ninad Karpe, Founder & Partner at 100X.VC, expressed excitement about the latest cohort, highlighting the groundbreaking nature of the selected startups. He emphasized the diverse sectors represented by these startups, including B2B SaaS, API, Healthtech, ClimateTech, Food & Beverage, and Pet Tech. Karpe emphasized the transformative potential of India’s early-stage startup ecosystem, with the startups in Class 11 exemplifying promising opportunities.
The 17 startups selected for investment in Class 11 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, and Zafo Technologies.
Notably, 100X.VC stands as the first VC to invest in early-stage startups using India SAFE Notes. Founded in 2019 by Sanjay Mehta, Ninad Karpe, Shashank Randev, Yagnesh Sanghrajka, and Vatsal Kanakiya, the fund is sponsored by Mehta Ventures, the Family Office Investment arm of Sanjay Mehta.
With its consistent support for early-stage startups and a keen eye for transformative potential, 100X.VC continues to play a pivotal role in fostering innovation and growth within the Indian startup ecosystem.