Leading seed stage CAT 1 VC fund 100X.VC announced a relationship with Pidilite Industries Ltd.’s venture arm, Pidilite Ventures. For more than 60 years, consumers have relied on Pidilite Industries, India’s top manufacturer of specialised chemicals like sealants, adhesives, and construction chemicals. As part of the collaboration, 100X.VC and Pidilite Ventures will work together to find strategic investment possibilities for them.
Pidilite Ventures will work to mentor and direct creative firms that can benefit from the core and supplementary operations of Pidilite.
While 100X.VC has the size, scale, track record, relationships, and experience of transforming early-stage businesses into large ones, Pidilite has the experience and expertise in building winning brands in the space it operates in. This will offer a definite competitive edge to the portfolio companies.
Apurva Parekh, Executive Director, Pidilite Industries, said, “We are excited to partner with
100X.VC. They have been instrumental in identifying some compelling investment opportunities for Pidilite Ventures and we look forward to a long and fruitful association.”
Yagnesh Sanghrajka, Founder and CFO, 100X.VC said, “We are excited to partner with Pidilite
group for Pidilite Ventures. One of 100X.VC’s core value is to be a rising tide for start-ups. A rising tide lifts all boats and creates a profound multiplier effect. At 100X, there is a strong belief that innovation thrives with collaboration, and this is what Pidilite-backed start-ups will experience in the future.” 100X.VC is focused on discovering category-defining businesses. 100X.VC also offers Venture Capital as a Service (VaaS) with a unique multi-stage investment thesis for category-defining start-ups to help large corporations get access to research and innovation.
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