100X.VC

100X.VC is a Mumbai-based venture capital firm and one of India's pioneering pre-seed and seed-stage investors. Founded in 2019 by serial angel investor Sanjay Mehta alongside Ninad Karpe, Shashank Randev, Yagnesh Sanghrajka, and Vatsal Kanakiya, the firm was the first in India to invest using iSAFE (India SAFE) notes, deploying roughly $150,000 per startup. It is backed by Mehta Ventures, Sanjay Mehta's family office. The firm runs a cohort-based model, investing in batches of 17–18 startups across two classes per year and screening more than 1,900 applicants per batch. As of early 2025, 100X.VC has backed 199 portfolio companies across 12 cohorts, including Agnikul, PlaySuper, Trado, Dezy, Knorish, and Emo Energy, and has seen four acquisition exits. A SEBI-registered Category I AIF, it frequently acts as the lead investor. 100X.VC invests across software, AI, fintech, e-commerce, and healthtech, focused exclusively on the Indian market. Its team includes Founder and Partner Sanjay Mehta, Partner Ninad Karpe, CEO Vatsal Kanakiya, CFO Yagnesh Sanghrajka, and Founder VC Shashank Randev, who together work to promote portfolio startups to growth-stage investors.