Companies

Sanjay Mehta’s 100X.VC to invest in 100 start-ups

Our Bureau Mumbai | Updated on July 19, 2019 Published on July 19, 2019

Sanjay Mehta - Founder & Partner, 100X.VC

Entrepreneur-turned-angel investor Sanjay Mehta, who has invested in over 130 start-ups, has launched a new venture capital fund, 100X.VC, and aims to invest in 100 early-stage start-ups over the next year.

The new firm will invest ₹25 lakh to ₹1 crore in start-ups with disruptive business models.

iSAFE note

100X.VC would be the first fund to invest using iSAFE note (India Simple Agreement for Future Equity), an alternative to a convertible security note.

iSAFE, which avoids tedious documentation and cuts timelines significantly, permits an investor to make cash investments in return for a convertible instrument.

“The time has now come for India to make a huge leap in investing in start-ups, using globally successful models which will lend depth and scale to the VC industry in India. When start-ups become part of the 100X.VC ecosystem, they will get all that they truly need. For us, investing in 100 start-ups over the next 12 months is just the beginning,” Sanjay Mehta, founder and Partner at 100X VC said.

100X.VC

100X.VC is a sector-agnostic fund and will focus its investments in companies across a broad range of industries. The team would be headed by Sanjay Mehta, who had invested in companies including OYO Rooms, Box8, LogiNext and Block.One.

Former Aptech MD and CEO Ninad Karpe has joined the firm as a partner, while Yagnesh Sanghrajka — who had headed finance and strategy at firms such as Hinduja Group, Phoenix Mills Group and MT Educare — has joined as the Chief Financial Officer.

The company aims to be the first institutional investor in its portfolio companies and will go beyond mere funding.

SEBI-registered

Based in Mumbai, 100X.VC has received final regulatory approvals for Category I-Alternative Investment Fund licence and Investment Advisor licence from the Securities and Exchange Board of India.

Published on July 19, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.