Mumbai-based 100X.VC, an Indian venture capital (VC) fund which claims to invest in start-ups using iSAFE notes, has funded 22 startups through Class 09. The new set of portfolio companies was announced during the in-person VC Pitch Day, which was held in Mumbai on Saturday 24 June 2023.
According to a company statement, the Pitch day was attended by over 400 investors which included HNIs, Family Offices, Venture Capital Funds and Corporations. 100X.VC has invested Rs 1.25 crore in each start-up. In addition to this, the company has worked closely with each founding team and mentored them to enhance their product, GTM before announcing them at the VC Pitch Day.
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The fund operates on a class-based investment model and invests in start-ups across sectors before starting the class. In its Class 09 this year, 100X.VC shortlisted 709 companies from an application pool of 4210 start-ups to fund 22 companies. The portfolio of the fund includes abCoffee, Airbook, Bansiwala, BreatheESG, ColabTools, Curlin, Enrico, Epicure Robotics, Happi Planet, Pikndel, Rannkly, ReThought and others.
Ninad Karpe, Partner, 100X.VC, said, “We are excited to present our latest cohort of 22 startups in Class 09. With these investments, we have now funded 127 start-ups across various sectors. We believe that there are many disruptive businesses in India in the early stage start-up ecosystem and the startups in Class 09 represent such opportunities.”
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