India's financing for environmental technologies increased significantly between 2018 and 2022, from USD 0.23 billion to USD 2.47 billion, according to a Tracxn analysis.
Investment in India is being driven by a confluence of factors, including educated young talent, cheap data availability, digital infrastructure such as the Unified Payment Interface (UPI) and Aadhar-based KYC, and increased financial and digital awareness.
100X.VC claims to have invested in 105 businesses from its inception to the end of FY 23, and it plans to invest in an additional 70-75 startups in this current FY 23-24, bringing the total to 170-175 portfolio companies.