wordpress blog stats
Connect with us

Hi, what are you looking for?

LetsVenture raises Series A funding from Accel Partners & others

Online fundraising platform LetsVenture has raised an undisclosed amount in its Series A round of funding led by Accel Partners and Anupam Mittal, with participation from Nandan Nilekani, Rishad Premji, Kunal Bahl, Rohit Bansal, Girish Mathrubootham, Amit Ranjan and Singapore Angels among others. Ad: Click here to buy MediaNama's Business of Crowdfunding in India report. INTRO1K gets you Rs 1000 off. The company will use the funds to scale up, bring on board new investors and expand its employee base from the current 22 to 40 by the end of the year. Note that the company earlier raised a seed fund worth Rs 4 crore from various investors in May last year. LetsVenture is an online deal-making platform that brings together investors and startups, much like AngelList. It essentially works like a marketplace for global investors to connect with entrepreneurs of India. The platform is currently free for investors, and charges startups 2 per cent of the funds raised as fee. Interestingly, the last time to company raised funds, it said it might start charging investors around Rs 20,000 as annual registration fee, which it has yet refrained from doing. In 2015, the company claims to have funded 50 startups for a total of up to $17 million. This includes over 10 startups in the consumer internet sector and 5-10 startups in mobile, SaaS, education and ecommerce sectors. It also claims to have an investors base of over 1200 angels from over 20 countries. AngelPrime funding: In July, seed-stage fund…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Vaishnaw's remarks come a day after Google removed apps belonging to Matrimony.com, Info Edge (Naukri and 99 Acres), Shaadi.com, Altt, Truly Madly, Stage, Quack...

News

Paytm has started distancing itself from PPBL in light of the current negative spotlight on PPBL.

News

The move can be seen as an attempt by Paytm to distance itself from the troubled Paytm Payments Bank, which has been significantly restricted...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ