India's first Fund to invest in 100 start-ups in a span of one year using iSAFE - India SAFE Notes, launched today. “iSAFE” stands for India Simple Agreement for Future Equity, an alternative to a convertible security note, that is beneficial for start-ups customized for India, iSAFE will avoid tedious documentation and cut timelines significantly.
100X.VC is a sector-agnostic fund and will focus its investments in companies across a broad range of industries. The investment thesis of 100X.VC will be to invest in start-ups having disruptive business models, high growth and scale. The investment size for each early-stage start-up would range from Rs. 2.5 million to 10 million.
You can read more here.