Shashank Randev, a prominent figure in the Indian startup ecosystem, is making waves as the Founder VC of 100X.VC, India’s first venture fund dedicated to investing in early-stage startups through innovative iSAFE Notes. Since its inception in 2019, 100X.VC has provided funding and support to more than 150 startups, solidifying its position as a trailblazer in the world of venture capital.
Shashank Randev’s brainchild, 100X.VC, is not just another venture fund; it’s a game-changer. The fund employs iSAFE Notes, a unique investment instrument tailored to Indian startups, providing them with the much-needed capital and mentorship to navigate the challenging early stages of development. 100X.VC is not only the first of its kind but is also a SEBI Registered CAT I AIF, further enhancing its reputation as an institutionally-backed supporter of emerging businesses.
One of the standout features of 100X.VC is its sector-agnostic approach. It welcomes startups from a wide array of sectors, including SaaS, DeepTech, Consumer Internet, EnterpriseTech, Web3 Technologies, Healthtech, Fintech, Logistics, Edtech, Insurtech, Gaming, and more. This inclusive approach reflects Shashank Randev’s commitment to fostering innovation across various domains.
Shashank Randev’s journey into the world of startups and venture capital is marked by his extensive 20+ years of cross-functional expertise. He brings a unique blend of operator, entrepreneurial, and investment knowledge to the table. This wealth of experience has been instrumental in identifying and nurturing the next generation of Indian unicorns.
In addition to his role at 100X.VC, Shashank Randev is also an accomplished Angel Investor. His private investment body, Randev Ventures, is home to a diverse portfolio of investments in B2B Emerging technology, DeepTech, SaaS, Cleantech, and ConsumerTech startups. These investments signify his unwavering commitment to supporting pioneering ideas and businesses.
Before venturing into the world of venture capital, Shashank Randev was the Founding member and Vice President of VCCEdge, a SaaS data platform by VCCircle, which was acquired by News Corporation in 2015. His leadership and expertise played a pivotal role in the growth of VCCEdge. He also had notable stints at NIIT Ltd. and Zensar Technologies Ltd., where he honed his skills and knowledge.
Shashank Randev’s academic background includes a Bachelor of Engineering degree from Nagpur University and an MBA from the International Management Institute (IMI), New Delhi. These educational milestones laid the foundation for his illustrious career in the startup and venture capital landscape.
Shashank’s professional prowess shines through in the unique model of 100X.VC. As a Co-Founder, he plays a crucial role in the Investment Committee and maintains a close relationship with portfolio companies. His hands-on approach enhances the chances of new products succeeding and empowers founders to secure follow-on capital from growth-stage VCs, CVCs, and family offices.
In summary, Shashank Randev’s professional journey is a testament to his passion for entrepreneurship, scaling up startups, and his deep-rooted expertise in Angel & Seed Investment, as well as Venture Capital. His leadership at 100X.VC has been instrumental in shaping the future of India’s startup ecosystem and creating a pathway for visionary Indian founders to build the iconic companies of tomorrow.
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