India, 2nd March 2021: Venture Capital firm Inflexor Ventures recently announced a DeepTech Fellowship program under which they will provide seed to series A funding to the startups from their $100 million fund. To further strengthen the program, the venture capital firm has also joined hands with 100X.VC - a sector agnostic, first cheque micro VC fund that invests via iSAFE notes in pre-seed and seed startups. Under the partnership, 100X.VC’s deeptech portfolio companies will receive mentorship and funding access from Inflexor’s network.
The DeepTech FellowShip program by Inflexor is designed to work with DeepTech startups funded by 100X.VC. Under the initiative, Inflexor’s team will do specialized workshops, experience sharing, and one-on-one mentoring. The selected startups will also get access to Inflexor’s network and their portfolio companies for business opportunities and feedback from successful founders. 100X.VC is innovative from other micro funds. It works on a cohort model, “a class” where the selected group of startups are seed funded and mentored by 100X team and industry experts. The Inflexor team will mentor these deep tech startups within each 100X class and evaluate selected startups for funding after 100X.VC Pitch Day.
“Inflexor is a pre–Series A to A+ stage focused fund but we would like to engage early with talented founders and help shape their vision with capital and direction to get rapid product-market fit and help them scale up with our deeptech industry insights and expertise and our global experience. Getting into a 100X.VC cohort or Class as they say is very competitive and I have been a witness to their journey from Class 01 onwards. We believe in the thesis of the 100X.VC team hence this close association with 100X.VC" said Jatin Desai, Partner at Inflexor Ventures.
“100X pioneered the concept of investment through iSAFE in India which helps in discovery of valuations at a later stage by external investors. We are delighted that our partnership with Inflexor validates our belief of nurturing the startups at the first instance and then discovering their valuations. Our deeptech startup portfolio will be immensely benefited through this partnership with Inflexor." said Ninad Karpe, Partner, 100X.VC
100X.VC is India's first venture fund to invest in early-stage startups using iSAFE (India Simple Agreement For Future Equity) Notes. We are a SEBI Registered CAT I AIF, Investment Adviser and the first Institutional Investor in our portfolio companies. The goal of the fund is to invest in 100 startups every year using iSAFE Notes. The fund is sponsored by Mehta Ventures (www.mehtaventures.co), the Family Office Investment arm of Sanjay Mehta. 100X.VC has so far invested in 39 startups which have gone ahead and raise upwards of 50 crore cumulative funding from institutional funds, HNIs and Family Offices.
About Inflexor Ventures
Inflexor Ventures is a sector-agnostic VC firm with offices in Mumbai, Bangalore & Hyderabad that invests in deep and emerging technology startups from Pre-Series A to Series-A+ stages. The team at Inflexor Ventures brings decades of experience in fund management and investments, serial entrepreneurship with exits to US listed companies and global technology and operational roles. Inflexor co-founders were early investor in startups like Atomberg, PlayShifu, Entropik, Bellatrix, Cloudsek, Scube, Data Resolve, Chakr, Singularity Dynamics, Verloop, 3rdFlix and SecurAx via their Parampara Fund.
Published on: March 3, 2021