Micro venture capitalist fund 100X.VC has invested Rs 1.25 crore in 25 start-ups each as part of its eighth cohort. The 25 startups in this cohort are said to be from 11 cities including Jaipur, Hyderabad, Bhopal, and Chennai.
The total investments amount to about $4 million, the company revealed.
Some of the start-ups who got selected are cyber resilience technology brand, Zeron, pickle-manufacturing brand, The Little Farm Co., fintech firm Credwise, Web3 start-up Shyft and men-focused sexual wellness platform, Sukham amongst others. Other start-ups that raised investments are Luzo, Dr Mantra, OpenOffers, Zing, Dolfe, Aliste, Metabrix and more.
The fund claims to have made 100 investments so far including those in this cohort.
“We are delighted to share that we have surpassed our 100-investments goal in 3.5 years since the launch of 100X.VC. We believe these founders are building moonshots in their respective sectors and are excited to be part of their journey,” said Ninad Karpe, partner at 100X.VC.
100X.VC is a Securities and Exchange Board of India-registered fund that launched in 2019. It is led by angel investor Sanjay Mehta’s family office, Mehta Ventures.
“India has a significant local growing consumer demand. Hence, it will not be impacted by the impending global recession. In 2023, we will be experiencing India, where new start-ups will be unlimited in supply,” Mehta said in a media statement.
He also highlighted some of the sectors to watch out for this year. They include enterprise software and software as a start-up (SaaS), direct-to-consumer (D2C), electric vehicles (EVs) and electric mobility, QSR, future of work, generative artificial intelligence (AI), agri-tech, digital health, blockchain and Web3, and security, compliance and privacy.