Early stage platform for investors LetsVenture launches new initiative for women entrepreneurs

The launch follows Women Investor Network (WIN) that the firm launched in 2021, which saw the participation of more than 100 women in the last one year across diverse backgrounds such as entrepreneurship, finance, marketing, engineering, finance, education, legal, healthcare and more, the statement added.

“LetsVenture plans to onboard about 1000 women founders and investors on the platform in the next one year’s time through this initiative,” the release said.

According to LetsVenture, WFN programme is aimed at educating women founders on raising capital and running a successful venture while providing the mentorship to help achieve this.

“Last year we decided we would start an initiative based on the low number of women investors. The Women Investor Network gave us 3x the numbers we had aspired for. The learning has been that if we create cohort based, safe space for learning for women we will see returns,” said Shanti Mohan, cofounder & CEO, LetsVenture.

The programme will focus on providing personalised mentoring, focused product support, fundraising through LetsVenture’s network of founders and investors. As part of the programme, 10 pre-seed/seed stage startups will be selected and matched with a startup founder and a super angel from the LetsVenture portfolio who will serve as these founders’ mentors.

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“Apart from this, recipients will also have access to curated sessions, and support from LetsVenture’s India portfolio specialists, across hiring, legal, finance, product, technology and marketing as well. They will also help founders to raise funds,” it said.

Founded in 2013 as a funding marketplace, LetsVenture is backed by Accel, Chiratae Ventures, Nandan Nilekani, Ratan Tata, Rishad Premji, Mohandas Pai, Sharad Sharma and Anupam Mittal.

So far, startups have raised more than Rs 2,800 crore across more than 527 rounds and the marketplace has 29 Syndicates, more than 10000 Angel Investors from 60 countries, and 100 Micro VC Funds.