TECHCiRCLE: Sanjay Mehta's 100X.VC to unveil first cohort of 100 startups

Serial entrepreneur Sanjay Mehta’s venture capital firm 100X.VC will showcase its first cohort of 100 startups at VC pitch day in December at Indian Institute of Technology Powai, Mumbai. The event will see the companies pitching to an audience of marquee investors.

The sector-agnostic fund invests between Rs 22 lakh and Rs 1 crore in seed-stage startups through India Simple Agreement for Future Equity (i-SAFE) notes. These notes, which are similar to Compulsorily Convertible Preference Shares (CCPS), comply with Indian laws and do not require the startup founders to share the pre and post-money valuation.

Read more here.

- 100X.VC Team

Published on: October 21, 2019