Mumbai-based start-up 100X.VC aims to invest in 100 companies every year.
The experience of investing in start-ups from his own funds and putting money in ventures outside India for the last two years gave Sanjay Mehta a different perspective into angel investing. He has built up a portfolio of over 130 start-ups as an angel investor, has exited 14 of them with two being blockbuster ones. As an angel investor, he says, he realised there were quite a few issues. There were not many willing to take the lead in investing; they were quite willing to join in when someone else was the lead investor. Sanjay says he also saw that it was taking anything up to five months to close a deal, which put enormous pressure on the ventures.
Read More:This VC firm can be a safe bet for early-stage start-ups.
