India, December 04, 2021: 100X.VC, India’s first VC to use India SAFE Notes, has invested in 70 startups ever since 100X.VC Class 01 in December 2019. The fund is emerging as the preferred VC in India for entrepreneurs seeking seed funding.
100X.VC operates on a cohort-based investment model and getting into the 100X cohort is a real challenge. 100X.VC is the equivalent of the ivy school for talented entrepreneurs. India has the third-largest startup ecosystem in the world, where 2-3 startups are born every day. For Class 06, 100X.VC had received 2285 pitches, shortlisted 356 and after a rigorous process, 10 startups received funding in Class 06.
The VC firm announced the names of the startups at VC Pitch Day on 3rd December. More than 1000+ investors, including VCs, corporate houses, angels, family houses from across the globe were in attendance.
Speaking on the development, Ninad Karpe, Partner at 100X.VC said, “With our investment in 10 startups as part of Class 06, we are thrilled to have invested in 70 startups since inception. We had 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.”
The Class 06 Portfolio companies include:
is a fresh food and wellness brand for pets | Sector - Pet Care
is India’s first pension app for the private employed workforce. | Sector - FinTech
is the go-to place for Gen-Z students to win EdTech scholarships | Sector - EdTech
is an online platform to safely hire verified and trained domestic help | Services tech
is intelligent site search for eCommerce Stores | Sector - eCommerce SaaS
is a B2B marketplace for food supplies | Sector - FoodTech
is Social Community platform for Faith & Divinity | Sector - ReligionTech
is India’s reliable car wash partner | Sector - Services Tech
enables students to get mentored by their career twins. | Sector - EdTech
is the Shopify for Instagram businesses | Sector - eCommerce SMB SaaS
All the startups had participated in Masterclass sessions with industry experts, mentors, veterans, successful founders, and venture capitalists after being funded by 100X.VC and before the VC Pitch Day.
100X.VC is the first VC to invest in early-stage startups using India SAFE Notes. The fund is sponsored by Mehta Ventures, the Family Office Investment arm of Sanjay Mehta, to nurture innovative ideas that add value and bring solutions to a problem. We fund exceptional Indian founders. We move fast. We value time. We are in the people business. We work hard to inspire confidence and engage with every stakeholder. We deeply value our relationship with founders, investor partners, and corporations. 100X.VC is SEBI registered Investment Adviser & CAT I Alternate Investment Fund.