Sanjay Mehta’s 100X.VC Reveals Class 02 Investments

SUMMARY

The Sanjay Mehta-led fund invests in seed-stage startups

The firm, which was launched in July 2019, has received 4,500 applications

It includes agritech, automotive, blockchain, edtech, governance and fintech, among many others

Serial investor Sanjay Mehta-led venture capital firm 100X.VC has finally revealed its Class 02 investments – nine seed-stage start-ups from various sectors, during the VC Pitch Day, held on Friday (September 18).

In a press statement, 100X.VC said, Class 02 startups were funded through iSAFE notes which allows an investor to make cash investments in return for a convertible instrument that allows an investor to buy shares in a future priced round.

The firm, which was launched in July 2019, has received 4,500 applications which includes agritech, automotive, blockchain, edtech, governance and fintech, among many others.

Ninad Karpe, Partner at 100X.VC said, “We are delighted to present the nine exciting startups as part of our Class 02. We have faced unprecedented challenges this year and are proud of our Class 02 startups who have displayed tenacity, determination and perseverance to pursue their vision.”

Prior to the VC Pitch Day, these startups attended master classes by industry experts, founders and prep sessions organised by the 100X.VC team.

These startups include:

Fyllo: It is an agritech startup that uses an IoT device to capture the environmental factors of a piece of agricultural land.

Mindpeers: It is a holistic mental health-tech platform providing real time self-care diagnosis and clinical based assistance and allows individuals and employers to understand behavioural data.

Pracify: It is an HR Tech marketplace that helps companies to scale using their network of on-demand gig workers comprising India’s youth who are paid on a ‘pay-per-performance’ system.

BatteryPool: It is an electric vehicle-as-a-service startup that is developing plug and play products – Saas and API solutions to foster mass adoption of electric 2 wheelers (2W) in India.

Jetsons Robotics: It is a robotics startup manufacturing 2-axis, fully autonomous, water-free, rooftop solar panel cleaning robots to benefit EPC’s customers with extra generation worth $4000/annum/MW.

Ava: It is a healthcare app which helps women with chronic conditions like PCOS, with their deep-tech enabled programs.

SAWO Labs: It is a customer-centric, standardized and device-based secure authentication solution for apps and websites, removing the need for password authentications and OTPs.

Our Eye.ai: It is an AI solution for F&B enterprises and cloud kitchens to monitor Standard Operating Procedures to ensure quality controls and accelerate real-time efficiency from decision to action.

SharedPro: A web marketplace connecting companies to identify and co-hire talent on sharing, streamlined through their talent acquisition platform.

In 2019, the firm said that it has invested in the 20 seed-stage startups it has at its VC Pitch Day event in Mumbai on December 7. It has further announced its plans to invest in over 100 seed-stage startups by 2020.

Mumbai-based 100X.VC was launched by Sanjay Mehta and Ninad Karpe. Previously, the partners have invested in over 130 startups across various verticals in an individual capacity. The fund includes other prominent names like Yagnesh Sanghrajka, Shashank Randev and Vatsal Kanakiya. During its launch, the VC firm had announced to invest in 100 startups every year, and help startups by providing expertise and resources that enhance them to build a scalable business model.