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100X.VC

The first VC to invest in early stage startups using India SAFE Notes.
100X.VC
Leadership team

Ankush Aggarwal (Co-founder and Managing Partner)

Kartik Sharma (Co-founder and Managing Partner)

Number of Employees
0 - 50
Headquarters
91springboard, Godrej & Boyce, Gate No.2 LBS Marg, Vikhroli West Mumbai, Maharashtra 400079
Established
2020
Social Media
Summary

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.


History

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.


Investment criteria

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:

  • Technology-driven startups: 100X.VC invests in startups that leverage technology to create innovative products or services. The firm looks for startups that have a unique value proposition and a strong intellectual property portfolio.
  • Scalable business models: The firm invests in startups that have a business model that can scale rapidly. The startups should have the potential to capture a large market share and generate significant revenue.
  • Early-stage startups: 100X.VC focuses on seed and pre-seed investments in startups. The firm looks for startups that are in the early stages of development and have a strong founding team.
  • Strong founding team: The firm believes that a startup's success depends on the strength of its founding team. 100X.VC looks for teams with a track record of success, relevant industry experience, and a clear vision for the future.
  • Market opportunity: The firm invests in startups that address a significant market opportunity. The startups should have a clear understanding of their target market and a plan to capture a significant share of that market.
  • Potential for impact: 100X.VC looks for startups that have the potential to create a positive impact on society or the environment. The firm believes that technology can be a force for good and looks for startups that align with this vision.

Values
  • Entrepreneur-first approach: 100X.VC believes that entrepreneurs are the driving force behind innovation and economic growth. The firm puts entrepreneurs at the centre of its investment strategy and works to support and empower them in their journey.
  • Transparency and integrity: The firm operates with a high level of transparency and integrity in all of its dealings. 100X.VC strives to maintain open and honest communication with its portfolio companies, investors, and partners.
  • Diversity and inclusion: 100X.VC recognizes the importance of diversity and inclusion in the startup ecosystem. The firm is committed to supporting startups founded by entrepreneurs from diverse backgrounds and promoting diversity and inclusion in all aspects of its operations.
  • Focus on impact: The firm believes that technology can be a force for good and that startups have the potential to create a positive impact on society and the environment. 100X.VC invests in startups that have the potential to make a meaningful impact and aligns its investments with its values.
  • Continuous learning and improvement: 100X.VC is committed to continuous learning and improvement. The firm seeks to stay up-to-date with the latest trends and best practices in the industry and constantly looks for ways to improve its operations and approach to investing.

Mission

"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.


Portfolio

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:

  • Khabri - Khabri is a digital audio platform that provides news and information in regional languages. The platform offers a range of content, including news, podcasts, and audiobooks. Khabri has a user base of over 1 million and has been downloaded over 5 million times on the Google Play Store.
  • Jiny - Jiny is an AI-powered hiring platform that uses machine learning algorithms to match candidates with job opportunities. The platform uses data to predict the candidate's suitability for a particular role, making the hiring process more efficient and accurate.
  • Aerologiks - Aerologiks is a drone-based logistics platform that provides on-demand delivery services for e-commerce companies. The company uses autonomous drones to deliver packages quickly and efficiently, reducing delivery times and costs.
  • Adloid - Adloid is an augmented reality platform that enables e-commerce companies to create 3D product models and virtual showrooms. The platform allows customers to see products in 3D, interact with them, and make informed purchase decisions.
  • Recubo - Recubo is a SaaS platform that provides HR management solutions for small and medium-sized businesses. The platform offers a range of features, including attendance tracking, payroll management, and performance monitoring, making it easier for companies to manage their HR processes.

References
100X.VC
Leadership team

Ankush Aggarwal (Co-founder and Managing Partner)

Kartik Sharma (Co-founder and Managing Partner)

Number of Employees
0 - 50
Headquarters
91springboard, Godrej & Boyce, Gate No.2 LBS Marg, Vikhroli West Mumbai, Maharashtra 400079
Established
2020
Social Media