So far, of the 70 startups 100X has funded from the 20,000-plus pitch decks it has received over the last 2.5 years, 80 percent have gone on to raise follow on funds. It went on to raise $1 million in seed funding from Sequoia Capital India and Chiratae Ventures in January 2021 after a 100X Pitch Day. “So, you can see, we don’t operate like a typical VC fund .” Presently 100X gets its capital from Mehta’s family office, Mehta Ventures. The early-stage, Indian-only, sector agnostic fund has invested in ten 100X portfolio companies so far. “We provide a combination of smart capital—which is capital and education—and network,” says Randev, who looks after investor relations.

Source: Forbes April 04, 2022 10:52 UTC