Mumbai-based venture capital fundhas announced 25 startups as part of its Class 08 portfolio. 100X.VC has invested Rs 1.25 crore in each of these startups.
The startups were announced during the in-person VC Pitch Day, held today in Mumbai.
100X.VC has worked closely with each founding team and mentored them to improve their product and help them scale, the company said. With the completion of the Class 08 portfolio, 100X.VC has surpassed 100 investments since its launch in July 2019.
The fund operates on a class-based investment model and invests in emerging companies across all sectors. In its Class 08 portfolio this year, 100X.VC had shortlisted 669 companies, out of 4,748 applications.
The 25 chosen startups are Zeron, TheLittle Farm Co., Credwise, Adsys, Shyft, Sukham, MetaShop, Rocca, AlpyneLabs, ThinkMetal, Vodex, 50Fin, GreenKin, ByajBook, Metabrix, Swasthya.ai, Minifeel, DAOstruct, Aliste, Dolf, Plug, Dr.Mantra, OpenOffers, Luzo and Zing.
The startups hail from 11 cities: Mumbai, Bangalore, Delhi, Pune, Jaipur, Hyderabad, Bhopal, Chennai, Noida, Kolkata and Varanasi.
“We are delighted to share that we have exceeded our goal of 100 investments in 3.5 years since the launch of 100X.VC. We believe these founders are building projects in their respective sectors and we are excited to be a part of their journey,” said Ninad Karpe, Partner at 100X.VC.