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…
- RTI: Where’s the data on Kisan Drone Yatra? March 27, 2023
- Summary: All you need to know about social media user complaints in January 2023 March 27, 2023
- YouTube pulls the plug on its live commerce venture simsim: Here’s what to know March 27, 2023
- IT Ministry Additional Secretary Given Approval Powers for “Protected Systems” Notifications March 27, 2023
- Video: Exploring User Verification, 23rd Mar, 2023, Delhi #Ad March 27, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...
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...