Venture capital firm 100X.VC on Saturday announced its plan to invest Rs 125 crore (over $16.5 million) in 100 early-stage start-ups in the next 12 months.
The company said in a statement that it is mulling investing the amount for 15% future equity ownership in each startup using iSAFE Notes. It added that this will be "the fastest deployment of first cheque capital by any VC in India for early-stage start-ups."
Read More : 100X.VC plans to invest Rs 125 crore in 100 early-stage start-ups this year