Sanjay Mehta, an entrepreneur-turned-angel investor, has floated a venture capital firm to invest in early-stage startups in India across sectors, he said in a blogpost.
Mehta has expanded his horizons by setting up a new VC firm 100X.VC. The firm is sponsored by Mehta Ventures, the Family Office Investment arm of Sanjay Mehta.
The firm, which is registered as a Category 1 Alternative Investment Fund (AIF) with the Securities & Exchange Board of India (SEBI), has received regulatory nod to begin operations. However, it did not disclose the target corpus but said that it seeks to invest Rs 25 lakh to 1 crore across 100 startups within a year.
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