100X.VC is the first VC to invest in early stage startups using India SAFE Notes.
100X.VC is a venture capital firm that provides early-stage funding and resources to companies in India. The firm focuses on helping founders and startups to develop their ideas and scale their businesses. It provides investment capital, mentorship, and access to networks of experienced entrepreneurs and investors.
100X.VC also has an online platform, which supports the entire lifecycle of venture capital investments, from idea validation to post-investment management and exit. Additionally, the firm provides additional services such as legal and financial advice, networking, and training.
In April 2019, Sanjay Mehta, a seasoned entrepreneur and angel investor with over 100 investments in his portfolio, had the vision to create India's first institutional angel fund. He wanted to provide seed and pre-seed funding to technology startups and help them grow and succeed. With this goal in mind, he founded 100X.VC.
The firm's name was inspired by the idea of investing in 100 startups over the next two years. Mehta believed that this ambitious target was achievable and would help to support India's early-stage startup ecosystem.
By July 2019, 100X.VC had announced its first batch of investments. The firm invested in 11 startups from a range of sectors, including fintech, ed-tech, health tech, and enterprise software. Each startup was invested in through an iSAFE note, a convertible security that provides flexibility for both startups and investors.
Over the next two years, 100X.VC continued to invest in early-stage startups, expanding its portfolio to over 100 companies. The firm's investments were focused on startups in sectors such as e-commerce, logistics, artificial intelligence, and cybersecurity.
In 2020, 100X.VC organized India's first-ever virtual demo day for startups. The event brought together over 700 investors, mentors, and industry experts to hear pitches from 50 startups in the firm's portfolio. The event was a huge success and helped to showcase the potential of India's early-stage startup ecosystem.
Looking ahead, 100X.VC aims to continue investing in early-stage startups and helping them to grow and succeed. The firm is also planning to launch a seed fund and a venture debt fund in the near future, which will provide additional support and funding options for its portfolio companies. 100X.VC's history is a testament to the firm's commitment to supporting India's early-stage startup ecosystem and its goal of becoming the country's leading institutional angel fund.
"To discover, invest in, and support the most promising early-stage startups in India and help build world-class companies."
The mission statement of 100X.VC reflects the firm's commitment to supporting the growth of India's early-stage startup ecosystem. The firm aims to identify and invest in startups that have the potential to become successful and innovative companies. By providing funding, mentorship, and support to these startups, 100X.VC seeks to help them grow and scale their businesses, ultimately contributing to the growth and development of India's economy.
100X.VC's mission statement also reflects the firm's focus on building world-class companies. The firm aims to invest in startups that have the potential to become leaders in their respective markets and make a significant impact on society and the environment. By supporting these startups in their growth and development, 100X.VC aims to play a key role in shaping the future of the Indian startup ecosystem and contributing to the growth of the country's economy.
100X.VC specializes in early-stage investments in technology startups. The firm invests in startups that have the potential to create innovative products or services and address a significant market opportunity. Below are the investment criteria that 100X.VC looks for potential portfolio companies:
The firm has a diverse portfolio of companies across various industries, including healthcare, Edtech, fintech, SaaS, and more. Here are some examples of companies in 100X.VC's portfolio:
