100X.VC
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100X.VC is the classic 'spray and pray' fund that's actually doing it right - they've invested in 199 companies since 2019, which sounds insane until you see that 80% of their portfolio raises follow-on funding. Of the 70 start-ups backed by 100X.VC, an impressive 80% have gone on to raise follow-on funds. The $3 million invested by 100X.VC has generated an astonishing $43 million in follow-on funding from 600 investors. The magic is in their structured approach - they don't just write checks, they run a proper 6-week masterclass program where founders get 100+ hours of mentorship before pitch day. A conscious effort to be a founder friendly investor, to be interested in working with entrepreneurs and to see them become successful without compromising on your own metrics as a VC. helping founders through mentorship can create one's own brand and reputation which attracts proprietary deals through founder referrals. The downside? With such volume, individual attention might be limited despite Sanjay's best efforts to stay available. They're perfect for first-time founders who need hand-holding but might not be the right fit if you want a prestigious brand name on your cap table.
- —Best for: First-time founders who need structured mentorship and hand-holding through early stages
- —Watch out for: Limited individual attention due to massive portfolio size (199 companies)
- —Known for: 80% follow-on funding success rate and founder-friendly iSAFE notes
100X.VC has created a unique model to fund and nurture seed stage startups of India. 100X.VC is the first Venture Capital firm to invest in early stage startups using founder friendly India SAFE Notes. 100X.VC believes entrepreneurs at seed stage need business direction, mentoring and lots of preparation before scaling up. Our intensive founder engagement is designed to help them surge, scale, and accelerate.
It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. 100X will invest ₹1.25cr in each startup. We invest through the founder-friendly iSAFE note for 15% of Future Equity. This cohort features startups spanning sectors such as B2B SaaS, Gaming, RegTech, Textile, Consumer, and Biotech.
Prior to 100X VC, Sanjay was one of India's most active and sought after angels, having made over 130 investments. He has been featured as Super Angel Investor, Forbes India List of Investors, 2017 Investor of the Year by LetsVenture. Being a first time founder, 100X team was instrumental in us navigate to the first round of funding, reaching hundreds of angels, understanding funding documentation. To date, despite owing such as large portfolio, 100X team and Sanjay are available to each founder. They are always just a call away.
Ninad Karpe, former CEO of Aptech India and a seasoned leader in operational roles, plays a crucial part in shaping 100X.VC's strategy. His experience in scaling organizations from their early stages is essential in guiding start-ups towards sustainable growth. Building business is tough - really tough. I have run public listed companies and want to help you seize new growth and opportunities - beyond the obvious.
Vatsal Kanakiya, the youngest member of the team at just 25 years old, brings a deep understanding of technology and extensive experience in investing across various funds. His unique perspective helps 100X.VC identify tech-driven start-ups and guide them towards success. Vatsal's role as CTO at 100X.VC is pivotal in their approach to supporting start-ups.
As the CFO of 100X.VC, Yagnesh Sanghrajka plays a vital role in ensuring efficient financial operations. With his background as a CFO in various organizations, including Bessemer Venture Partners and MT Educare, Yagnesh's financial acumen helps 100X.VC navigate the compl. Note: It is pertinent to note that Sanghrajka and Randev stepped down from their positions at 100X.VC around November last year.
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