LetsVenture introduces two new products to help the startup industry

By Team Startupcity  |  Saturday, 06 August 2022, 10:09 IST

LetsVenture introduces two new products to help the startup industry
Early-stage investment platform LetsVenture has launched two new products to remove operational inefficiencies faced by founders and help the startup industry make better sense of private investment trends.
Software platform Scalix is a go-to platform for early-stage founders to assist them in hiring, legal, banking, and technology matters during their starting up journey.
Scalix, through a conversational experience, will allow access to a wide-community of founders and provide concierge services like office management and banking kits to help founders in their early days.
Weekly subscription product Compass, launched in association with HSBC, will document trends and provide analysis of private market investing with in-depth, data-led stories and analysis. According to the investment platform, early 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 at the core of how we design our products and services,” said Shanti Mohan, cofounder and chief executive, on the launch of the new products. “Having worked with so many founders, what we saw was that there was a common set of challenges every founder faced, and the same questions kept coming up in most conversations - be it at starting up, or after starting up.”
Meanwhile, LetsVenture also announced the joint funding of up to $100,000 along with the Ministry of Electronics and Information Technology (MeitY) Startup Hub under the Samridh scheme, which aims to support existing and upcoming accelerators to select and accelerate potential product-based startups to scale.
With the association, LetsVenture Foundation will create an accelerator cohort of deep-tech, gaming, fintech, and Software-as-a-Service (SaaS) startups, it said in a statement.
In October last year, LetsVenture had also launched a unified platform for equity management and private market investments called trica.
The entity had raised $3 million during launch from Accel, LC Nueva AIF, Secocha Ventures among others.
Founded in 2013, LetsVenture is a startup investment marketplace that has helped new-age businesses raise $120 million across more than 560 rounds. The marketplace has 29 investment syndicates, over 13,000 angel investors and 100 micro venture capital funds participating.
LetsVenture is backed by Accel, Chiratae Ventures, Infosys cofounder Nandan Nilekani; Tata Sons’ chairman emeritus Ratan Tata, and Wipro chairman Rishad Premji, among others.

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