Sanjay Mehta-led 100X.VC Invests $4 Mn In 25 Indian Startups In Its Eighth Cohort

Micro VC fund 100X.VC on Saturday (January 21) said 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, translating to a total investment of about $4 Mn. 

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. The fund claimed to have made 100 investments so far with the completion of its eighth cohort. 

“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. 

Set up in 2019, 100X.VC is a SEBI-registered fund led by angel investor Sanjay Mehta’s family office Mehta Ventures. In April last year, it announced that it 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 are the brief profiles of the 25 startups:

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 counselling 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.

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.

Vodex

The AI-enabled startup helps organisations 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 unites health data to provide customised insights to patients and their doctors.

Minifeel

The D2C platform sells small-sized products for various men and women-focused skincare, haircare, and makeup brands.

DAOstruct

The startup is a DAO (decentralised autonomous organisations) aggregation, governance, and research platform. As per its website, it streamlines all DAO activities including discovery, investment, participation and learning. 

Aliste

The startup offers smart home solutions to consumers via its mobile app. It enables users to control home activities based on their geographical location and desired time. 

Dolf

It is a decentralised Web3 bank which allows users to discover the best decentralised finance (DeFi) and cross-D apps across chains, assess their risk ratings, and invest/ borrow/ trade without paying any gas fee.

Plug

The startup is building an app that allows users to predict and trade on the outcome of future events by answering ‘Yes’ or ‘No’.

Dr.Mantra

The ayurvedic startup offers personalised kidney stone treatments to patients. Its treatment is inclusive of ayurvedic products, diet chart, and doctor support.

OpenOffers

The Bengaluru-based HRTech startup is a “candidate commitment intelligence platform”. It claims to provide recruiters a timely visibility to candidates who are likely to turn down their offers. 

Luzo

The startup lets users make appointments at salons and spas in their vicinity through its mobile app. Luzo’s app is available on both Android and ioS platforms. 

Zing

The foodtech startup lets users pre-order their food and skip queues at cafeterias in their university campuses. It claims that the cafeterias can get more sales and higher average order value by using the app.

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