LetsVenture has disrupted early stage funding in the Indian ecosystem, connecting startups to investors.
Green House Ventures (GHV) Accelerator and LetsVenture (LV) have announced a partnership agreement wherein LetsVenture will provide GHV access to curated startups for their accelerator program, which includes a funding of $100,000.
LetsVenture since its inception just over a year ago, has disrupted early stage funding in the Indian ecosystem, connecting startups to investors. The platform has successfully closed 18 rounds of funding, with amounts ranging from Rs 50 lakh to Rs 5 crore. The platform has a near 100 per cent success on its Featured Syndicates and also offers a complete closure of investment via the “Commitment-to-Closure” package.
GHV’s acceleration program aims to help startups build a solid foundation so that they can raise Series-A funding in a relatively short time span of up to twelve months and at a higher valuation as compared to startups that have not participated in such a program. The GHV Accelerator program will therefore help LetsVenture startups to speed up the access to follow-on capital post the initial investment by GHV.
AnuragKapoor, Executive Director, GHV, said, “Since LetsVenture has a goal of helping startups in raising seed/angel money, and GHV has an aligned objective of helping startups in raising Series A; the partnership strengthens the value chain and enhances the chances for potential startups to achieve the next rounds of funding at a faster pace. We would be happy to explore more such partnerships.”
Shanti Mohan, founder & CEO, LetsVenture, said, “We see this as a great value for enabling the startup ecosystem – high value accelerator programs like GHV focused on pre-Series A where startups get access to mentoring and substantial capital is needed to fuel the growth of the ecosystem and enable high quality fundable startups.
Vikram Upadhyaya, Entrepreneur Evangelist and Chief Mentor at GHV, further adds, “This partnership will strengthen the entrepreneurial ecosystem in India and I foresee more Series A rounds happening in India. The Value GHV brings to this partnership is handholding of the startups along with capital, which will help in faster growth and therefore ease in the next round of closures. We are going to look at all the startups in LetsVenture, who pass the T.E.S.T.PoC and have the potential to grow 10x.”
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