100X.VC

There is no open application form

• As checked on 23 October 2026, 100X.VC publishes no application form, no intake window, no eligibility criteria and no deadline on its website. Do not wait for a form that is not there.
• Links to its apply page or to numbered class pages, which still turn up in older posts and directory listings, now lead to a not-found page on the fund's site. Treat a listing that still shows one as out of date.
• The site lists no contact email, no phone number and no postal address, so there is no verified number or address to quote for contacting the fund. The only route in is the ordinary one for a venture fund: a warm introduction from someone the partners already know, or a direct approach to the team elsewhere.
• If you see a cohort or a numbered intake described as open somewhere else, check it against the fund's own site before you spend time on it.

Make sure you are the stage they back

• The fund talks about writing the first institutional cheque. If you already have an institutional round behind you, this is not the right door.
• Its own description of who an iSAFE suits is founders at the idea, MVP or very early revenue stage — the point at which putting a valuation on the company would be unfair.
• It says it invests in moonshot ideas and looks for founders solving important problems with a bold, scalable point of view. It names no sector focus at all, so lead with the size of the problem rather than the label on your category.

Understand the instrument before you talk to them

• The investment would come in as an iSAFE note, which is a convertible instrument, not a loan and not an immediate share sale. Equity is issued later.
• It legally takes the form of compulsorily convertible preference shares, so your authorised and paid-up capital has to be increased by the amount invested, and the note sits on your cap table like any other convertible.
• Conversion is automatic at the next priced round, a dissolution, a merger or an acquisition — or three years from issue, whichever comes first. The three-year backstop is the clause founders most often miss.
• Note holders get liquidity preference over you and your equity shareholders, to the extent of the money they put in.
• You can issue further iSAFE notes to later investors, which the fund itself points out can help you reach a fairer valuation once you have traction.

Read the templates first

• The four iSAFE templates — valuation cap with discount, valuation cap, discount, and most favoured nation — are published openly on the fund's iSAFE page. They are free to read and need no application.
• Work out which of the four shapes you would be comfortable signing, and have your own view on the cap and the discount before the conversation, not after.
• These templates are widely used in India beyond this one fund, so the reading is worth doing even if you raise elsewhere.

100X.VC (also written 100xvc or 100x vc) is an early-stage venture fund that backs Indian founders using India SAFE Notes, which it calls iSAFE. As checked on 23 October 2026, its website has no application form, intake window, eligibility criteria, deadline or contact address, so there is no open call to apply to on the fund's own pages. The fund describes itself as the first venture capital firm in India to invest in early-stage startups this way, says it pioneered the iSAFE for India in July 2019, and publishes the agreement templates openly for anyone to read.

What 100X.VC does

The fund positions itself around the very first institutional cheque a startup takes. Its own summary of what it is trying to do is short: make that first institutional cheque faster and simpler, then support founders with the experience, network and momentum they need to grow. It sets out three pillars — moonshots, India SAFE Notes and network — and sums the whole thing up as funding simplified, mentoring unlimited.

It describes its way of working in three habits. It backs ambitious founders early and stays focused on helping them build enduring companies. It aims to move with speed, on the reasoning that clear decisions and India SAFE Notes let founders spend less time fundraising and more time building. And it treats capital as only the start, with its network bringing operating experience, mentoring and connections.

How the process works

100X.VC publishes a five-step account of how it goes from a first conversation to a growing company. It starts with Discover, where it meets founders solving important problems with a bold, scalable point of view. Then Decide, which it describes as a focused evaluation process that lets strong teams move quickly. Then Invest, where its India SAFE Note is meant to keep early-stage funding straightforward. Then Mentor, where founders work with operators, investors and specialists from the 100X network. And finally Scale, where it helps companies prepare for growth and their next institutional round.

One thing is worth saying plainly, because founders search for it. The site is now a four-page brochure covering the home page, about, iSAFE and team. As checked on 23 October 2026, 100X.VC publishes no application form, intake window, eligibility criteria or deadline, and no contact email, phone number or address. The apply, contact, portfolio, FAQ and numbered class pages that older listings point to now return a not-found error. So there is no open call a founder can fill in here, and anyone describing a numbered intake as currently open is not getting that from the fund's own pages. What the site does publish in detail is the instrument.

What an iSAFE note is

iSAFE stands for India Simple Agreement for Future Equity. In plain terms, an investor puts cash in now and receives a convertible instrument instead of shares. It is not a debt instrument. To fit Indian law it takes the legal form of compulsorily convertible preference shares, or CCPS, which convert when specified events happen.

The point of it is that nobody has to agree a valuation on day one. As the fund explains, early-stage startups are commonly at the idea, MVP or very early revenue stage, when assigning a valuation can be unfair. An iSAFE removes the need to state a pre-money or post-money valuation, because the equity is issued later, at a priced round, once the startup has more stable traction. Because the paperwork is template-driven, it also cuts legal complexity and cost and lets a first round close faster.

The conversion rule is specific. iSAFE notes convert automatically into equity shares on a specified liquidity event — the next priced round, a dissolution, a merger or an acquisition — or three years after the date of issue, whichever comes first. Note holders have liquidity preference over founders and equity shareholders, to the extent of the capital they put in, and the first iSAFE holders rank pari-passu with later iSAFE holders and investors. A startup can issue further iSAFE notes to later investors, which the fund suggests can help it reach a better valuation at a priced round once it has real revenue or traction. In the accounts, the money shows up as CCPS, and the company's authorised and paid-up capital has to be increased by the amount invested.

Four templates are published openly: valuation cap with discount, valuation cap, discount, and most favoured nation. Reading them costs nothing and needs no application, which makes them a useful reference for any Indian founder negotiating a first round, whoever they end up raising from.

Who runs it

100X.VC describes itself as a lean team with deep operating and investing experience working alongside founders from the earliest stage. Sanjay Mehta and Ninad Karpe are both listed as Founder and Partner, Smeet Mehta as Associate, and Vatsal Kanakiya as Consultant.

Scale

The fund reports its own milestones on its homepage: more than 400 founders, 180 companies and 2,010 jobs created. These are self-reported and carry no date, so treat them as the fund's own claims rather than checked totals.