Keeping up with the wave of financing emerging startup ecosystem, Shanti Mohan cofounded ‘LetsVenture’ to bring investors and businesses together in August 2013. LetsVenture plans on focusing on startups through its equity-based crowdfunding platform. It empowers businesses to amass seed/angel money, create investment ready profiles online, and connect to VCs, angels & institutional investors for fundraising activities. They aid in connecting startups with experts and mentors to get their business plans reviewed. It extends tools ranging from the closure of term sheet & shareholders’ agreement to complete legal & financial due diligence for investors.
Products & Services of LetsVenture
LetsAccelerate
It provides incubators and corporate accelerators to productize interventions in their startups. The EV accelerator assists startups to acquire an entrée to capital, mentors and business opportunities before going to market. The accelerator program aims to be a coalescence of group sessions as well as individual one-on-one mentoring interventions.
The accelerator program will aid the startups to sharpen the following aspects:
- Technology: Via sessions by industry veterans and technology experts
- Go-to-market: Via workshops by marketing gurus, and CXOs
- Business plans: Via dedicated mentors (CXOs or senior investors) covering
- Business model, pricing and business case
- Milestones and business road map
- Business plan and fund-raising strategy
The approach is to dive deep into each startup to make a comprehensive assessment and identify specific areas of business that need strengthening. Based on the assessment the startups will be assigned relevant mentors. Moreover, startups as well as mentors will have managed access to an extended pool of subject matter experts
LetsVenture Plus
It is a growth based platform formulated particularly for percipient investors to access exclusive investments across growth-stage private companies, unicorns, and global funds.This product intends to bring specialized opportunities to HNIs and Family Offices at ticket sizes that suit them.
My Startup Equity
It is a SaaS fintech play that is digitizing, automating and securing the most valuable asset that any startup has – its own equity! It is a product which aims to provide help to founders, employees, investors and VCs to manage their equity in startups in a better way. The product is developed with the aim of becoming the single source of truth for all matters related to a startup’s cap table and ESOPs (including Phantom Stocks, Stock Appreciation Rights). Startups will benefit by using the product right from the earliest stages to those with 10s of investors and 100s of employees with ESOPs can avoid errors that might slide into an Excel sheet and the lack of security when this Excel sheet glides into the market. Additionally, the product offers tools packed in to make life for the founder, finance and HR teams simple.
LV Titans
LV Titans is a privée platform curated for Family Offices, Corporates and VC Funds on invite basis to make investments into curated growth stage startups. LV Titans stems from a range of products of LetsVenture – India’s leading platform for funding early stage startups. Angel Investors from various regions including India, US, Singapore, Japan and Middle East have invested into 140 companies, with top tier portfolio performance. LV Titans aims to partner with sophisticated investors, providing proprietary deal flow and personalized support to enable your investments.
Performance of the company
The report, Early Stage Investment Landscape 2020, designed on the basis of transactions facilitated through LetsVenture’s platform throughout 2020, notes that the company saw over 1,000 investors on its maiden angel AIF (alternative investment fund), which has $30 million worth assets under management (AUM).Out of these angels, as many as 37% were CXOs and professionals who were keen on investing in early-stage startups while 45% were completely new to the asset class.
During the year, the report said, startups in Bengaluru, Mumbai, Hyderabad, Pune, Chennai, and Delhi NCR drew most investments, with those in enterprise software as a service or SaaS (12.6%), consumer goods (11.5%), ed-tech (11.5%), and consumer internet (8.0%) catching significant attention of the investors. These were followed by players in fintech (6.9%), health-tech (6.9%), e-commerce (5.7%), and consumer services (4.6%), among others.
In addition, the report adds that about 13% of the rounds were Series A or later, while about 38% were bridge rounds that helped the startups remain afloat during the pandemic. LetsVenture expects growth to continue across fintech, ed-tech, health-tech, and agri-tech sectors in 2021.
Since being founded in 2013, LetsVenture claims to have helped startups raise as much as Rs 1,174 crore across over 290 rounds.
This post was written in collaboration with Asif Yahiya Sukri LLP. Asif Yahiya Sukri LLP provides unparalleled personalized financial services to a broad range of clients across different geographical locations. With a presence in the USA, India and the MENA region, they ensure that all of your financial decisions are made carefully and with your best interests in mind. They are innovators who understand what goes into building companies.
You can also reach out to them on info@aysasia.com
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