Mumbai-based venture capital fund 100X.VC has announced 25 startups as part of its Class 08 portfolio. 100X.VC has invested Rs 1.25 crore in each of these startups. The startups were announced during the in-person VC Pitch Day, held in Mumbai today.
The Pitch day was attended by over 400+ investors, which included HNIs, Family Offices, Growth stage Venture Funds and Corporations. 100X.VC has invested Rs 1.25 crore per startup, worked closely with each founding team and mentored them to enhance their product and help them scale.
The fund operates on a Class-based investment model and invests in startups across sectors. In its Class 08 portfolio this year, 100X.VC shortlisted 669 companies from an application pool of 4748 to fund these 25 companies. The portfolio cos. Hail from 11 cities: Mumbai, Bangalore, Delhi, Pune, Jaipur, Hyderabad, Bhopal, Chennai, Noida, Kolkata, and Varanasi.
Ninad Karpe, Partner at 100X.VC, said, ” 100X.VC deal sourcing is the best in the industry as we see highest number of inbound organic deal flow. 100X brand is a social proof for entrepreneurs as a VC fundable startup. This success is not because we sponsor or advertise; it is because we add value to each startup by helping them build exponential business. We are delighted to share that we have surpassed our 100-investments goal in 3.5 years since the launch of 100X.VC. We believe these founders are building moonshots in their respective sectors and are excited to be part of their journey.”
The 25 chosen startups are Zeron, TheLittle Farm Co., Credwise, Adsys, Shyft, Sukham, MetaShop, Rocca, AlpyneLabs, ThinkMetal, Vodex, 50Fin, GreenKin, ByajBook, Metabrix, Swasthya.ai, Minifeel, DAOstruct, Aliste, Dolf, Plug, Dr.Mantra, OpenOffers, Luzo, and Zing.
Source @Indianstartupnews
