Mumbai, 18 January 2025
– Following their investment, 100X.VC dedicated over 100 hours of mentorship to support their latest portfolio ventures before unveiling them at the VC Pitch Day.
With the completion of Class 12, 100X.VC has now made a total of 180 investments since its inception in July 2019.
India’s pioneering venture capital fund, 100X.VC, utilized iSAFE notes to invest in 18 startups as part of Class 12. These new portfolio companies were announced at the in-person VC Pitch Day held in Mumbai on January 18, 2025.
The event witnessed the presence of over 400 investors, including HNIs, family offices, venture capital funds, and corporations. Investing ₹1.25 crore per startup, 100X.VC collaborated closely with each founding team, offering mentorship to refine their products and Go-To-Market (GTM) strategies before the Pitch Day.
Operating on a class-based investment model, 100X.VC invests in startups across diverse sectors before the formal start of each cohort. For Class 12, 100X.VC meticulously selected 18 companies from 304 shortlisted startups, chosen from a pool of over 1,900 applicants. These portfolio companies are based in eight cities, including Bangalore, Chennai, Kolkata, Gandhinagar, and Gurgaon, among others.
Ninad Karpe, Founder & Partner of 100X.VC
, stated: "We are thrilled to unveil our newest cohort, Class 12, comprising 18 groundbreaking startups. With these additions, our portfolio now includes investments in 180 early-stage startups. This cohort features startups spanning sectors such as B2B SaaS, Gaming, RegTech, Textile, Consumer, and Biotech. We firmly believe that India’s early-stage startup ecosystem is teeming with transformative potential, and the startups in Class 12 exemplify these exciting opportunities.”
The Class 12 portfolio includes:
Cellarim Labs
- Website
- Sector
: B2B, Industrial Biotech, Chemical Manufacturing
- About
: Transforming chemical production with cell-free manufacturing
- Year of Incorporation
: December 2023
- Founders
: Nisa Mehreen, Dr. Hitesh Rafalia
Clodexa
- Website
- Sector
: B2B SaaS, Agentic Sales Tech
- About
: Enabling Sales at Point-of-Intent
- Year of Incorporation
: October 2024
- Founders
: Rachit Sharma, Shravan Chaudhary
Currychief
- Website
- Sector
: D2C, F&B, Ready-to-cook
- About
: Instant Regional Curry Pastes
- Year of Incorporation
: January 2022
- Founders
: Tamil Kumaran
Dualite
- Website
- Sector
: SaaS for end-to-end product development
- About
: Democratising software development
- Year of Incorporation
: September 2024
- Founders
: Rohan Singhvi, Prakhar Tandon
Famyo
- Website
- Sector
: Character-Based Home Furnishings for Kids
- About
: Character-based home furnishing brand for kids
- Year of Incorporation
: March 2023
- Founders
: Karishma Seetharaman, Ritvik Raj
Gape Labs
- Website
- Sector
: Gaming & Entertainment
- About
: Building world-class games from India
- Year of Incorporation
: August 2024
- Founders
: Naren Budhwani
Numberlabs
- Website
- Sector
: AI for Finance Operations
- About
: AI agent for the CFO's office
- Year of Incorporation
: July 2023
- Founders
: Mohammad Abbas, Harsh Narang
NuMode
- Website
- Sector
: Industrial Apparel
- About
: Branded uniforms for India’s industrial workforce
- Year of Incorporation
: May 2024
- Founders
: Ayyappan Lakshmanan, Venkatesh Gopalaiah
PiePay
- Website
- Sector
: Digital Payment Solutions
- About
: Grab bank offers without cards
- Year of Incorporation
: January 2023
- Founders
: Utkarsh Murari, Rishab Jain, Ajay Kumar
PlaySuper
- Website
- Sector
: Gaming Tools & Analytics
- About
: Retention stack for mobile games
- Year of Incorporation
: February 2023
- Founders
: Upamanyu Chatterjee, Shouradeep Chakraborty, Abhir Das
Propall
- Website
- Sector
: Real Estate Visualization
- About
: Visualize un-built real estate in 3D
- Year of Incorporation
: April 2024
- Founders
: Sanjeev Vasisht, Aniketh Hegde
Scoutflo
- Website
- Sector
: Cloud Management Platform
- About
: Dev-first cloud management platform
- Year of Incorporation
: June 2023
- Founders
: Kalpesh Bhalekar, Vedant Vyawahare
Selkea
- Website
- Sector
: BFSI Compliance Automation
- About
: Simplifying regulatory compliance for BFSI
- Year of Incorporation
: August 2023
- Founders
: Abhishek MIshra, Varun Menon
Supaboard
- Website
- Sector
: AI Analytics Tools
- About
: Army of AI analysts at the click of a button
- Year of Incorporation
: February 2024
- Founders
: Aritra Ghosh, Subhrajyoti Modak
Trado
- Website
- Sector
: B2B Trading Platform
- About
: Innovating trading and empowering traders
- Year of Incorporation
: January 2024
- Founders
: Shubhendra Gautam, Adarsh Kumar, Ashish Bedi, Vivek Yadav
Loomiz
- Website
- Sector
: Fashion Manufacturing
- About
: Leading manufacturing partner for global fashion brands
- Year of Incorporation
: March 2023
- Founders
: Manith Reddy, Gagan Singhvi, Shanmukh Poladi
Troak
- Website
- Sector
: Entertainment & Media
- About
: GenAI-based interactive stories
- Year of Incorporation
: April 2024
- Founders
: Ankit Banerjee, Ronak Dodiya
Zenma
- Website
- Sector
: D2C, Beverages
- About
: Personalised AI-generated interactive stories
- Year of Incorporation
: May 2023
- Founders
: Sheena Khurana, Karan Khurana
About 100X.VC:
100X.VC is the first VC to invest in early-stage startups using India SAFE Notes. 100X.VC is a SEBI registered CAT I Alternate Investment Fund. 100X.VC has invested in over 160 startups since inception in July 2019. The fund is sponsored by Mehta Ventures, the Family Office Investment arm of Sanjay Mehta.
