SUMMARY
Also, Joins As Advisors
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After announcing its Series A round of funding last week from marquee investors, LetsVenture has now announced that Chairman Emeritus of Tata Sons Ratan Tata and chairman of Manipal Global Education TV Mohandas Pai has joined in as advisers and investors.
Shanti Mohan, founder & CEO at LetsVenture, said, “The addition of Mr. Ratan Tata on our list of advisors is an endorsement of LetsVenture as a TRUSTED platform for entrepreneurs and investors. Pai has been working with us actively and we continue to look forward to his guidance as we scale the venture. We are excited and privileged to have both of them on our list of advisors”
Ratan Tata and Mohandas Pai have joined in the LetsVenture’s Series A round announced last week. The round was led by Accel Partners & Anupam Mittal. Nandan Nilekani, Rishad Premji, Kunal Bahl, Rohit Bansal, Girish Mathrubootham, Amit Ranjan and others also participated in the round.
Ratan Tata is also on the advisory board of IDG Ventures, Kalaari Capital and Jungle Ventures. However, Pai had been working with Letsventure earlier and will now take up the role as an advisor.
Co-founded by Shanti Mohan and Sanjay Jha in early 2013, LetsVenture is a marketplace for startup funding. It presently has over 5400 startups and above 1300 investors. According to company stats, more than 53 companies have raised funds on LetsVenture aggregating to nearly $17 Mn. The platform is currently free for investors, and charges startups 2% of the funds raised as fee.
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