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Mint News: Angel investor Mehta says aim is to invest in 100 startups in 1 year
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Aug 15, 2019

New Delhi: Sanjay Mehta, a serial entrepreneur-turned angel investor has invested in over 130 companies since 2011, including OYO Rooms, Box8, LogiNext, and Block.One. Mumbai-based Mehta launched a venture capital fund called 100X.VC in July, which will invest in 100 start-ups in one year. Edited excerpts from an interview:

Why did you launch 100X.VC?

The Indian seed stage ecosystem is starved of capital— most fund managers are investing larger checks at a later stage, in a smaller set of companies. All the investors who earlier used to do seed stage funding have moved up the ladder and now fund across later stage deals. In fact, according to reports, seed stage funding has reduced by over 70% in India. My aim is to fund 100-odd companies in a year, investing between ₹25 lakh to 1 crore per startup and ensure that I become a feeder for the next round, so the venture capitalists (VCs) will get a ready pool.

Read more here.


 

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