The Hindu Business LIne: 100X.VC to set up a platform to help raise funds

Venture Capital fund 100X.VC will launch a programme to enable Indian corporates to invest in about 30-40 start-ups by the first quarter of the next calendar year. The programme - Corporate Venture Vapital (CVC) Programme – will help start-ups in raising about Rs 200 crore from Indian corporates through follow-on rounds.

100X.VC, founded by entrepreneur-turned-angel investor Sanjay Mehta, intends to board corporates as investment partners. A research by the company estimates that the top 100 corporations in India have kept aside between Rs 10-100 crore of capital to invest in start-ups, the company said in a statement.

“Our role is of a catalyst by helping corporations discover, invest and build start-ups allied to their industry and strategic fitment. We initially plan to work with 10-12 company boards to actively create a bespoke deal flow for their investments,” Ninad Karpe, Partner at 100X.VC, said.

Read more here.

- 100X.VC Team

Published on: November 12, 2019