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Stock Report
100X.VC partners with Pidilite Industries for its CVC initiative
Posted On : 2022-09-12 20:40:32( TIMEZONE : IST )
100X.VC (www.100x.vc), a leading seed stage CAT 1 VC Fund announced its partnership with Pidilite Industries Ltd (www.pidilite.com) for the latter's venture arm called Pidilite Ventures (www.pidilite.vc). Pidilite Industries is India's leading company in specialty chemicals such as adhesives, construction chemicals, and sealants, and a trusted consumer brand for the past 60+ years. As a part of the partnership, 100X.VC will collaborate with Pidilite Ventures to identify strategic investment opportunities for them.
Pidilite Ventures will aim to mentor and guide innovative businesses that have synergies with Pidilite's core and adjacent businesses.
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 values is to be a rising tide for startups. 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 startups 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
