100X.VC: Building India’s first cheque ecosystem

January 3, 2026 Start Up Valli Sarvani

Early-stage startups in India often struggle to secure timely capital and meaningful guidance.

To address this gap, 100X.VC has positioned itself as a fast-moving discovery platform that backs founders at the zero-to-one stage.

In late 2019, Shashank Moddhia pitched The Renal Project at an NMIMS-organised pitch fest.

At the time, he operated a single dialysis micro-centre in Mumbai’s Borivali suburb.

Although the centre was profitable, its brick-and-mortar healthcare model failed to attract most venture capital firms.

Sanjay Mehta, however, recognised the founder’s strong sense of purpose and invested ₹25 lakh through 100X.VC.

Since then, The Renal Project has scaled steadily across western India. It now operates 25 micro-centres in Maharashtra and Gujarat, with each centre serving around 150 patients per month.

The company plans to expand to 200 centres across India within the next two years.

Founded in July 2019, 100X.VC follows a high-volume early-stage investment approach. It typically invests ₹25 lakh per startup and has backed 70 companies across sectors so far.

In total, the firm has deployed ₹17.5 crore, making it one of the fastest early-stage capital deployers in India.

Unlike traditional funds, 100X.VC avoids lengthy legal processes by using iSAFE notes.

These five-page agreements promise seven per cent equity during the startup’s next funding round.

As a result, deal closures happen quickly and remain founder-friendly.

Beyond capital, 100X focuses heavily on mentorship and access. Founders receive over 100 hours of guidance covering business models, positioning, and investor readiness.

This process culminates in a curated VC Pitch Day. Consequently, nearly 80 per cent of portfolio startups have raised follow-on funding, converting ₹17.5 crore into ₹318 crore of later-stage capital.

While some critics question the early equity dilution, founders argue that the trade-off is justified. They credit 100X for speed, credibility, and structured growth support.

Looking ahead, the firm plans to invest ₹1.25 crore per startup for a 15 per cent stake, while continuing its mission of discovering and shaping India’s earliest founders.

Image Credit: 100X.VC Website Screenshot