The rise of micro venture capital funds in India

In January this year, Satvik Jagannath, co-founder and chief executive of Vitra.ai, a four-month-old deep-tech startup that helps translate videos in multiple languages, virtually showcased his product to more than 500 investors, corporate houses, angels, and family offices.

On the pitch day, organized by Mumbai-based micro VC fund 100X.VC, Jagannath said Vitra.ai can translate an hour-long video in 50 languages with voice and lip-sync in just 15 minutes while making the process 96% cheaper.

Vitra.ai, which addresses the USD 56 billion language translation market globally, is a part of the third batch of startups that were seed-funded by 100X.VC earlier this year. Nine out of 10 startups of this batch are close to raising their next round of funding, as per 100X.VC.

The full article was originally published on Kr Asia