LetsVenture, an investor syndication platform, has partnered with MeitY Startup Hub to provide startup entrepreneurs with funding of up to $100,000 under the SAMRIDH program.
Investor syndicate platform LetsVenture has partnered with MeitY Startup Hub to fund early stage startups up to USD 100,000 under the SAMRIDH program.
The venture capital firm said it was selected for the SAMRIDH Accelerator program earlier this year. Under the acceleration program, LetsVenture Foundation will support 8 startups in the first phase, he added. The foundation will focus on startups working in sectors such as Deep-tech, Gaming, Fintech and Saas.
“Funding is a critical component for large-scale startups, and having a program where matching funding is provided by investors can create a significant impact on startup success,” said Jitendra Vijay, CEO of MeitY Startup. Hub.
“Lets Venture’s expertise and extensive network of investors will provide the necessary support for these startup founders to access capital and create impactful solutions,” he added.
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Along with this partnership, LetsVenture also announced a slew of new products on its platform.
The early-stage investment platform launched its founder’s only SaaS platform, Scalix. The platform aims to eliminate operational inefficiencies experienced by a founder, according to a statement.
With this launch, LetsVenture seeks to establish a deeper and more meaningful relationship with the Founders. The venture capital firm has recently closed more than 250 deals with an asset portfolio of $8 billion.
“After working with so many founders, we found that there was a common set of challenges that every founder faced, and the same questions kept coming up in most conversations – whether at startup or after startup. “said Shanti Mohan. , co-founder and CEO, LetsVenture.
The NPS founder is at the heart of the wheel of our business and we believe that LetsVenture is naturally best placed to achieve this. Scalix is the product that will deliver that vision,” she added.
The new platform will also be available to selected startups as part of a joint investment between LetsVenture and Meity Startup Hub.
Meanwhile, the company also launched its first subscription product, Compass, to navigate private market investing through incisive, in-depth, data-driven stories and analysis.
The subscription product will publish a new story every week capturing a new trend or highlight in private market investing. Compass will also publish original reports ranging from industry analysis to analysis of funding trends, the company added.
LetsVenture has raised over $110 million for over 500 startups, and its portfolio is valued at over $8 billion and the platform has over 12,000 investors from 60 countries.