LetsVenture launches two new products to help the startup industry
Getty ImagesEarly-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.

NEWS RELATED

Liz Truss considering overhaul of financial regulators, sources say

UK prime minister candidate Liz Truss is set to review the roles of the country’s financial regulators if she wins, according to sources close to the Truss leadership campaign. As reported by The Financial Times, the Conservative leadership frontrunner is considering a merger of the Financial Conduct Authority (FCA), ...

View more: Liz Truss considering overhaul of financial regulators, sources say

Twitter employees keep leaving: exhausted by Elon Musk’s antics

According to reports, multiple Twitter insiders claim that Twitter employees are exhausted from the ongoing legal tussle between Elon Musk and Twitter. There are reports that in recent weeks, many Twitter employees are leaving the company. Of course, these would be employees that have options of other firms that they ...

View more: Twitter employees keep leaving: exhausted by Elon Musk’s antics

NYCs speed limiter trial leaves the EU in the dust

What Europe gets wrong

View more: NYCs speed limiter trial leaves the EU in the dust

Skyrora completes rocket engine test in key step for reaching orbit

Skyrora has successfully completed a test of its second-stage orbital rocket engine at Machrihanish Airbase, bringing the Scottish rocket company closer to its goal of a 2023 launch from British soil. During the 20-second static fire test at the former RAF airbase, Skyrora’s XL orbital rocket achieved the expected ...

View more: Skyrora completes rocket engine test in key step for reaching orbit

Tencent Aims to Flock to Product Ads as Gaming Sales Slump: Competition with TikTok

Tencent announced in its short video platform that advertising could become a “substantial” revenue source. The new source of revenue could have a positive impact on the business when other aspects like gaming are facing pressure. Tencent’s WeChat will be Competing with TikTok by Focusing on Ads According to ...

View more: Tencent Aims to Flock to Product Ads as Gaming Sales Slump: Competition with TikTok

(LEAD) Hyundai Mobis to set up 2 manufacturing-focused units

(ATTN: UPDATES with details in 3rd para) SEOUL, Aug. 18 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it will set up two wholly-owned manufacturing-centered units to preemptively respond to a burgeoning future mobility market. Hyundai Mobis will integrate its subjected business functions and absorb ...

View more: (LEAD) Hyundai Mobis to set up 2 manufacturing-focused units

Galaxy Z Flip 4 vs Galaxy Flip 3 battery test

On August 10th, Samsung officially released two flagship foldable smartphones. The company released the Samsung Galaxy Z Flip 4 as well as the Galaxy Z Fold 4. The new generation Flip comes with a larger battery but both smartphones use the same low-power-consuming Snapdragon 8 Gen 1 SoC. However, the Galaxy ...

View more: Galaxy Z Flip 4 vs Galaxy Flip 3 battery test

Realme 9i 5G launched in India with MediaTek Dimensity 810 SoC, 90Hz Display

Realme 9i 5G launched in India with MediaTek Dimensity 810 SoC, 90Hz Display The Realme 9i 5G has officially been unveiled in India. The 5G version of the Realme 9i debuts as the seventh smartphone in the company’s 9 series in India. And like the 4G model, the Realme ...

View more: Realme 9i 5G launched in India with MediaTek Dimensity 810 SoC, 90Hz Display

Tencent revenue sees first year-on-year decline in Q2

Google Play spots key monetization opportunity in India as spends on local apps rise 80% in two years

Suspension of battery material production in Sichuan likely to encourage lithium prices to rise

ViewSonic lays out plans for education metaverse

Net Zero Series (4): Five practical steps to achieve net zero supply chain by Deloitte

China panel, battery, solar production constrained by Sichuan power cuts

Why I love electronics industry (6): Labor shortage, tech advancement offer good opportunities

MediaTek sucessfully links smartphone with satellite, further into a 5G space race

Tiger Global leads fresh funding in fintech startup Jar valuing it at $300 million

Stock Radar: Down 60% from highs! Can this fintech firm see trend reversal?

Singapore’s FOMO Pay raises $13M Series A round led by Jump Crypto

Vivo X Fold S foldable smartphone rumoured to arrive next month

OTHER NEWS