The Hindu Business LIne: Sanjay Mehta’s 100X.VC to invest in 100 start-ups

Entrepreneur-turned-angel investor Sanjay Mehta, who has invested in over 130 start-ups, has launched a new venture capital fund, 100X.VC, and aims to invest in 100 early-stage start-ups over the next year.

The new firm will invest ₹25 lakh to ₹1 crore in start-ups with disruptive business models.

iSAFE note

100X.VC would be the first fund to invest using iSAFE note (India Simple Agreement for Future Equity), an alternative to a convertible security note.
iSAFE, which avoids tedious documentation and cuts timelines significantly, permits an investor to make cash investments in return for a convertible instrument.

Read more here

- 100X.VC Team

Published on: July 19, 2019