Sanjay Mehta’s 100X.VC Announces Investment In 11 Early-Stage Startups

Serial investor Sanjay Mehta led 100x.VC has announced 11 early-stage startups that will be part of the fund’s Class 04. The 11 startups were shortlisted from 1,715 applications, of which 446 had passed the initial screening processes.

This new batch of startups brings the current tally of 100X.VC’s portfolio to 50 spread across four batches. The fund had announced the first batch in December 2019 with 20 early-stage startups, followed by 9 startups in Class 02 and 10 startups in Class 03.

The firm uses India Safe notes or iSAFE notes (India Simple Agreement for Future Equity) for these investments. iSAFE notes are an alternative to convertible notes used for investments. They involve greater scrutiny. The method allows an investor to make cash investments in return for a convertible instrument to buy shares in a future priced round.

Meet The 11 Early-Stage Startups That Are Part Of Class 04 Of 100X.VC

Bhyve
Headquarters: Mumbai
Sector: SaaS

Bhyve is a Future of Work SaaS platform that helps companies document and democratise the tacit knowledge of their employees and launch peer learning networks at organisations. Bhyve claims to enhance employee productivity by 35% and reduce time lost to search by 30%.

FieldProxy
Headquarters: Chennai
Sector: SaaS

The SaaS startup helps field servicing companies to better manage their on-field teams. The platform allows business managers and owners to create and deploy custom applications through a simple workflow builder.

Powerbot
Headquarters: Pune
Sector: EnergyTech

Powerbot offers energy analytics service that helps industries and commercial buildings to optimise their electricity usage.

Inzpira
Headquarters: Trivandrum
Sector: Edtech

Inzpira is a curated marketplace for live English Language learning that allows students to instantly connect with a trainer and learn anytime, from anywhere.

Kroop AI
Headquarters: Gandhinagar
Sector: Deeptech

Kroop AI is empowering organisations with deepfake detection services to help them authenticate audio and video samples.

Creators Club
Headquarters: Mumbai
Sector: Fintech

CRE.CLUB allows shoppers to pay by social media post at point of sale.

Talkie
Headquarters: Delhi NCR

Sector: SaaS

Talkie is a voice-only, real-time chat platform for remote teams to communicate effectively.

DataKund
Headquarters: Chandigarh
Sector: SaaS

DataKund is a no-code, intelligent browser automation tool that allows everyone to build software robots to automate their repetitive work on the web without any programming.

Quizy Games
Headquarters: Delhi NCR
Sector: Online Gaming

The skill-based real money gaming platform allows people to apply their knowledge to win real cash through 24*7 contests.

Moving
Headquarters: Delhi NCR
Sector: Fintech

Moving allows users to follow news around cryptocurrency by keeping track of the ecosystem. It provides news, insights, and verified knowledge on the currency.

Clinify
Headquarters: Bengaluru
Sector: Edtech

Clinify is a marketplace of live interactive courses for students to learn new skills with the help of a mentor and for instructors to make a passive stream of income. They have an engaged community of over 35,000 students from across 2,500 colleges and schools.

Recently, 100X.VC also announced the launch of a not-for-profit initiative – Entrepreneurship Gurukul. Through the new initiative, 100X.VC will provide a free education platform to aspiring entrepreneurs. According to the fund, 200 founders were on-boarded for the 12 weekly sessions of Live and Video recorded content.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.