100X.VC invests $2.7 million in 17 startups

Venture capital firm 100X.VC has invested $2.7 million in 17 startups as part of its 11th cohort, taking the count of its portfolio companies to 161.

Ninad Karpe, founder and partner of the Mumbai-based company, said Rs 1.25 crore was invested in each startup and mentorship was provided to the founding teams to help them improve their product and go-to-marketing strategies.

The 17 startups, chosen from diverse sectors, include Anyway.ai, Baylink, Deepvue.tech, EasyReplenish, Futr Studios, GoCodeo, Hummsa Biotech, Kroto, Openleaf, Origgo, Orbit Wallet, Pet Chef, Pettle, The Naturik Co, Whitetable, Zircle, and Zafo Technologies.


The venture capital firm has utilised iSafe notes to invest in its new portfolio startups in Class 11. Under iSafe notes, an investor makes a cash investment in return for a convertible instrument.

The VC pitch day, held in Mumbai saw a turnout of more than 400 investors, comprising high net worth individuals, family offices, venture capital funds, and corporations.

“In this cohort, our startups span diverse sectors such as B2B SaaS, API, health tech, climate tech, food and beverage, and pet tech,” Ninad Karpe, founder and partner, 100X.VC, said. “We are confident that India's early-stage startup ecosystem is brimming with transformative potential, and the startups in Class 11 exemplify these promising opportunities.”

100X.VC, set up in 2019, is a Sebi-registered CAT I Alternate Investment Fund, focusing on early-stage startups. The VC firm is backed by Mehta Ventures, the family office investment arm of angel investor Sanjay Mehta.