In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.
In this article, we talked to 100X.VC, an Indian-focused seed-stage venture capital that focuses on founders with a great product and market potential, but that do not have the right expertise to carry on with the scaling of the company. The firm provides funding, mentoring, and experience, together with unlocking access to more investors.
Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?
100X.VC: We are a SEBI-registered AIF and Registered Investment Adviser. Sponsored by Mehta Ventures Family Office, we are focused on helping Indian entrepreneurs to scale, since we believe founders at the seed stage need business direction, mentoring, and lots of preparation before scaling up. By deploying around USD 3-5 Million every year in startups, we become the de facto lead Investor and promote the startup to get discovered by growth-stage investors for a larger capital fundraise.
This has enabled us to reach a certain position where once a startup is funded by 100X.VC, they become part of an experienced set of VC Partners who have unparalleled access to a network of investors in India and across the world to help raise capital to scale up.
We provide startups seed capital of INR 2.5 million using iSAFE notes as the first cheque for India domiciled startups.
FO: What are exciting companies in your portfolio – and why?
100X.VC: Among our portfolio, we had two unicorn-valuated startups.
Oyo Rooms: It is an online hotel booking site and it is considered the hotel group with the fastest growth metrics worldwide. We exited our position and earn an exit return of 280X from the valuation we invested in.
Block.One: We performed a partial exit from our initial position and yielded a 6,567% return.
FO: Why should a family office invest in 100x.VC as LP?
100X.VC: We do solicit investments for the 29 portfolio companies where we have invested the first cheque.
Firstly, family offices get unparalleled access to Indian startups with a credible and curated deal flow with 100X.VC as the lead investor. Also, we enable them to perform direct investments on our portfolio companies with no fees nor costly and long due diligence processes, thanks to our already performed procedures and our direct contact with the founders and their day-to-day operations.
FO: Are you also open to investments from European family offices?
100X.VC: Yes, we welcome the European family offices who are interested in Indian startups! Investing in 100X deals there will always be the comfort of the company being mentored and helped periodically while subsequent round investors are doing their daily jobs.
FO: Thanks for your time!
Headquarters: Mumbai, India