Pidilite Industries, 100 X.VC collaborate for venture capital arm

13 Sep 2022 , 09:15 AM

100X.VC is a major seed-stage CAT 1 VC Fund, has established a collaboration with Pidilite Industries Ltd. for the latter’s venture arm, Pidilite Ventures.

Pidilite Industries has been a trusted consumer brand for over 60 years and is India’s top manufacturer in speciality chemicals such as adhesives, building chemicals, and sealants. As part of the agreement, 100X.VC will work with Pidilite Ventures to find strategic investment possibilities.

Pidilite Ventures will mentor and assist creative firms with synergies with Pidilite’s core and adjacent industries.

Pidilite has the knowledge and skill in establishing winning brands in the industry it works in, whereas 100X.VC has the size, scale, track record, relationships, and experience of growing early-stage enterprises into major ones. This will provide the portfolio firms with a distinct competitive advantage.

100X.VC is dedicated to the discovery of category-defining enterprises. 100X.VC also provides Venture Capital as a Service (VaaS), with a distinct multi-stage investment thesis for category-defining start-ups, to assist major organisations in gaining access to research and innovation.

“We are pleased to join with 100X.VC. They have been really helpful in uncovering some intriguing investment prospects for Pidilite Ventures, and we look forward to a long and profitable partnership,” stated Apurva Parekh, Executive Director of Pidilite Industries.

At around 9.22 AM, Pidilite Industries was trading at Rs2,854.70 per piece, down by 0.12% from its previous closing of Rs2,858.20 on the BSE.

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