Venture capital firm 100X.VC is planning to invest over Rs 200 crore in startups in India by the end of next year. The company has rolled out corporate venture capital (CVC) program for India to partner local corporations who have corpus to invest in startups.
"100X.VC team research survey estimates that the top 100 corporations in India have kept aside anywhere between Rs 10-100 crore of capital to invest in startups. We expect around 30-40 corporates to join us in CVC program and contribute upward of Rs 200 crore for investment in startups," 100X.VC founder Sanjay Mehta told PTI.
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- 100X.VC Team
Published on: November 12, 2019