Micro venture capital fund, 100X.VC, announced on Saturday, January 21st that it has invested in 25 Indian startups for its eighth cohort, ‘Class 08’.
The sector-agnostic fund invested INR 1.25 Cr in each of the 25 startups, which translates to a total investment of about $4 Mn. With the completion of its eighth cohort, the fund has surpassed its goal of 100 investments in just 3.5 years since its launch.
In a statement, the fund said that it worked closely with the founding team of the startups, mentored them to enhance products, and facilitated them in scaling up. “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 Shortlists 25 startups in the eighth cohort
100X.VC is a SEBI-registered fund led by angel investor Sanjay Mehta’s family office Mehta Ventures. It was established in 2019 and in April of last year, it announced that it had shortlisted 10 startups for its seventh cohort ‘Class 07’. The 25 startups in the eighth cohort are from 11 Indian cities – Mumbai, Bengaluru, Delhi, Pune, Jaipur, Hyderabad, Bhopal, Chennai, Noida, Kolkata, and Varanasi.
Here is what the 25 Startups do
The 25 startups in the eighth cohort of 100X.VC are a diverse group of companies, ranging from those that specialize in cyber resilience, to fintech, healthtech, and more. Here are brief background of the startups that 100X.VC has invested in:
Zeron: The startup helps companies build an automated risk-based cyber resilience mechanism. Rice Education, Horsetask, and Appointcare are among its clients.
The Little Farm Co.: It sells a wide variety of Indian pickles, Indian sauces (chutney) and mustard oil to consumers via its website.
Credwise: The mobile-based app allows users to identify an apt credit card. It also provides information to consumers about offers available on their cards.
Adsys: The startup builds healthcare devices – Adsys One and slide scanner. Adsys is an AI-powered device that rapidly generates complete blood count (CBC) reports, while slide scanner is a fully-automated microscopic scanner that captures and stores images.
Shyft: The startup’s Web3 APIs help companies integrate their marketplace, NFTs, tokens, and other blockchain features in their applications.
Sukham: It is a men-focused sexual wellness platform that sells supplements and offers counseling services to male consumers.
MetaShop: The deeptech startup’s mobile-based app helps sellers create 3D and augmented reality models of real-life objects through video or image.
Rocca: The D2C brand sells varied types of brittle dark chocolates, including gourmet almond brittle chocolates, gourmet pistachio brittle chocolate, and gourmet coffee brittle chocolates.
AlpyneLabs: It has built an online payment infrastructure for Web3 companies. It enables Web3 users to buy crypto from apps and also helps convert crypto to fiat.
Vodex: The AI-enabled startup helps organizations create automated voice campaigns. It offers pre-built templates that have various use cases, including recruitment calling, coaching and school promotion, wedding invitation calls and one-way message broadcast.
50Fin: The fintech startup offers credit to investors against securities and mutual funds. It offers credit solutions at an interest rate of 1%.
GreenKin: The startup sells a wide range of exotic plants such as office plants, bathroom plants, pet-friendly plants and air-purifying plants in handcrafted pots and planters via its website.
ByajBook: The fintech app is a peer-to-peer (P2P) loan management platform that helps loan borrowers and merchants manage their lendings and borrowings. It claims that its mobile app has been downloaded over 280K times.
Metabrix: The AI startup enables users to create virtual 2D and 3D avatars (digital versions) of themselves for social media, video games and virtual reality (VR).
Swasthya.ai: The healthtech startup manages a data repository for cancer patients. It unifies patient data from different sources, making it accessible and usable for research, treatment planning and patient management.
ThinkMetal: The startup manufactures 3D-printed metals and other industrial materials. It aims to offer end-to-end solutions in 3D printing and create a sustainable future with no material wastage.
The investment in these 25 startups is a significant milestone for 100X.VC, as it demonstrates the fund’s ability to identify and support promising startups in various sectors. The fund’s approach of working closely with the founding teams, mentoring them to enhance products, and facilitating them in scaling up, has proven to be successful in helping these startups reach their potential.