Serial investor Sanjay Mehta-led venture capital firm 100X.VC finally revealed the first 20 seed-stage startups it has invested in at its VC Pitch Day event in Mumbai on December 7. As part of its approach to back startups which have a strong competitive edge and a solid founding team, 100X.VC plans to invest in over 100 seed-stage startups by 2020.
The firm, which was launched in July 2019, has received 1,982 applications so far. Out of this, consumer goods and services made up for 31% of the application, followed by B2B software and services startups with 22% and healthcare startups with 7%. The firm has also received applications from agritech, automotive, blockchain, edtech, governance and fintech, among many others.
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- 100X.VC Team
Published on: December 8, 2019