TLDR:
- 100X.VC, a Mumbai venture capitalist firm, injected $2.7 million into 17 startups in their 11th cohort.
- Ninad Karpe, founder and partner at 100X.VC, said they invested Rs 1.25 crore in each startup and provided mentorship to help them refine their products and go-to-market strategies.
100X.VC, a venture capital firm based in Mumbai, has recently invested $2.7 million in 17 startups as part of their 11th cohort, bringing their total portfolio to 161 companies. Each startup received an investment of Rs 1.25 crore and was provided with mentorship to enhance their products and marketing strategies. The startups chosen span diverse sectors including B2B SaaS, API, health tech, climate tech, food and beverage, and pet tech.
The venture capital firm utilized iSafe notes to invest in the new portfolio startups in Class 11, where investors make a cash investment in return for a convertible instrument. A VC pitch day in Mumbai attracted over 400 investors, including high net worth individuals, family offices, venture capital funds, and corporations. Ninad Karpe, founder and partner at 100X.VC, expressed confidence in the potential of India’s early-stage startup ecosystem and praised the startups in Class 11 for their transformative opportunities.
