India's venture capital fund, 100X.VC, has utilized iSAFE notes to invest in 15 start-ups in Class 10. The announcement of these new portfolio companies took place at the in-person VC Pitch Day held in Mumbai on October 28, 2023.
The Pitch Day saw a turnout of more than 400 investors, comprising HNIs, Family Offices, Venture Capital Funds, and Corporations. 100X.VC, investing INR 1.25 crore per start-ups, collaborated closely with each founding team, providing mentorship to improve their product and Go-To-Market (GTM) strategies before their unveiling at the VC Pitch Day.
Operating on a class-based investment model, the fund invests in start-ups spanning various sectors even before the class formally begins. For its Class 10 this year, 100X.VC meticulously selected 15 companies out of 450 shortlisted from a pool of 2000+ start-ups. These portfolio companies are based in 9 cities: Mumbai, Bangalore, Delhi, Pune, Ahmedabad, Hyderabad, and Gurgaon among others.
Ninad Karpe, founder & partner, 100X.VC, said, “We are thrilled to announce our newest cohort, Class 10, consisting of 15 innovative start-ups. With these additions, we have now invested in 142 early-stage start-ups spanning diverse sectors. We firmly believe that India's early-stage start-ups landscape has many game-changers, and the start-ups of Class 10 epitomize these promising opportunities."