LetsVenture’s is getting its cash registers ringing with big money coming in!
Advertisement
Advertisement
As per an industry report, 18 investors participated in the latest fund-raising exercise of LetsVenture, which includes Accel Partners, People Group's Anupam Mittal, Times Internet, Singapore Angels and IDG Ventures India.
"Just like the last 10 years was about creating doctors and engineers, this decade will be about creating entrepreneurs. It's a foundational period now. I hope LetsVenture succeeds in this and I make money off that," Anupam Mittal told ET.
Talking about the expansion plan, Shanti Mohan, CEO of LetsVenture, said that the funding marketplace will be using the money from the latest Series A funding round to bring in more investors on its board from across the globe. In 2014, LetsVenture raised Rs 4 crore from a group of 21 angel investors.
According to Mohan, “LetsVenture has unlocked a new category of angel investors online-entrepreneurs-turned-investors, second-generation family businesses and global Indians who are actively looking for a trusted marketplace to discover high-quality” last year.
Advertisement
Up until now, LetsVenture has 1,200 investors from 20 countries and has raised $17 million ( Rs 109.9 crore) for 53 startups, the business daily reported. It plans to double its team to 40 people by the end of the year.
(Image: BCCL)
Advertisement
- Markets trade firm on global rally, fresh foreign fund inflows
- Sustainable Energy Efficiency
- BenQ Zowie XL2546X review – Monitor for the serious gamers
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market