100X.VC, India’s first venture capital (VC) to use India SAFE notes, has invested in 70 startups since class 01 in December 2019.
100X.VC operates on a cohort-based investment model. India has the third-largest startup ecosystem in the world, where two-three startups are born every day. For class 06, 100X.VC received 2,285 pitches, shortlisted 356 and after a rigorous process, 10 startups received funding in class 06, said a statement.
“With our investment in 10 startups as part of class 06, we are thrilled to have invested in 70 startups since inception. We received pitches from startups with several unique ideas. It was hard to review so many good applications and shortlist a few because everyone had potential. Our investors are eagerly waiting to hear from us about the curated list of startups. We are focused on mentoring, advising and guiding the founders. Our masterclass enables them to turn their ideas into successful businesses,” said Ninad Karpe, partner at 100X.VC.
Read more here: 100X.VC Takes Investment Tally To 70 Startups