New products

LetsVenture launches two new products to help the startup industry

Startup investment platform LetsVenture has launched two new products to eliminate operational inefficiencies faced by founders and help the startup industry better understand private investment trends.

The Scalix software platform is a go-to platform for early-stage founders to help them with hiring, legal, banking, and technology on their startup journey.

Scalix, through a conversational experience, will provide access to a large community of founders and provide concierge services like office management and banking kits to help founders get started.

Weekly subscription product Compass, launched in association with HSBC, will document trends and provide private market investment analysis with in-depth data

stories and analysis. According to the investment platform, the first signals captured by Compass will help startup founders, investors and all stakeholders in their decision-making process.

“LetsVenture has always been a founder’s first marketplace. Creating and delivering value to founders is central to the design of our products and services,” said Shanti Mohan, co-founder and CEO, during the launch of the new products. “After working with so many founders, what we saw was 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.”

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Meanwhile, LetsVenture also announced joint funding of up to $100,000 with Ministry of Electronics and Information Technology (MeitY) Startup Center under the Samridh Program, which aims to help existing and upcoming accelerators screen and accelerate potential product-based startups. .

With the partnership, LetsVenture Foundation will create a cohort of high-tech, gaming, fintech and software-as-a-service (SaaS) startup accelerators, it said in a statement.

In October last year, LetsVenture also launched a unified platform for equity management and private markets investing called trica.

The entity had raised 3 million dollars during the launch of

LC Nueva AIF, Secocha Ventures among others.

Founded in 2013, LetsVenture is a seed investment marketplace that has helped new era companies raise $120 million in over 560 seed rounds. The market has 29 investment syndicates, more than 13,000 angel investors and 100 micro venture capital funds participating.

LetsVenture is backed by Accel, Chiratae Ventures,

co-founder Nandan Nilekani; Chairman Emeritus of Tata Sons, Ratan Tata, and Chairman Rishad Premji, among others.

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