LetsVenture’s is getting its cash registers ringing with big money coming in!

LetsVenture, which was was founded in 2013 by Shanti Mohan and Sanjay Jha, is an online funding platform that is redefining early-stage investing in India with a host of business world biggies like Infosys cofounder Nandan Nilekani, Snapdeal's Kunal Bahl, Wipro's Rishad Premji, Manipal Global Education's Mohandas Pai, Freshdesk's Girish Mathrubootham and Snapdeal cofounder Rohit Bansal among the other marquee individuals who pooled together an undisclosed investment.

As per an industry report, 18 investors participated in the latest fund-raising exercise of LetsVenture, which includes Accel Partners, People Group's Anupam Mittal, Times Internet, Singapore Angels and IDG Ventures India.

"Just like the last 10 years was about creating doctors and engineers, this decade will be about creating entrepreneurs. It's a foundational period now. I hope LetsVenture succeeds in this and I make money off that," Anupam Mittal told ET.

Talking about the expansion plan, Shanti Mohan, CEO of LetsVenture, said that the funding marketplace will be using the money from the latest Series A funding round to bring in more investors on its board from across the globe. In 2014, LetsVenture raised Rs 4 crore from a group of 21 angel investors.

According to Mohan, “LetsVenture has unlocked a new category of angel investors online-entrepreneurs-turned-investors, second-generation family businesses and global Indians who are actively looking for a trusted marketplace to discover high-quality” last year.

Up until now, LetsVenture has 1,200 investors from 20 countries and has raised $17 million ( Rs 109.9 crore) for 53 startups, the business daily reported. It plans to double its team to 40 people by the end of the year.
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