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Early stage start up companies struggling to raise funds in health care sector is the next bait for <keyword id="225032" type="PERSON" weightage="20" keywordseo="Sachin-Bansal">Sachin Bansal</keyword> and <keyword id="6364080" type="PERSON" weightage="20" keywordseo="Binny-Bansal">Binny Bansal</keyword>. The <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword> co founders have recently invested <keyword id="3181379" type="UNKNOWN" weightage="20" keywordseo="Pandorum-Technologies">Pandorum Technologies</keyword>, which deals in -print experimental-stage human liver tissues in a laboratory. <keyword id="6442005" type="PERSON" weightage="20" keywordseo="Bansal">Bansal</keyword> duo are finalising another investment in a start up that makes implants. 
 
Bansals taking the risk of investing in disruptive innovation make them a rare breed of investors, courageous enough to take risky bets. 
 
"In India, core sectors like healthcare, education and supply chain will be disrupted (by emerging) technology... Those (startups) don't funding easily while consumer internet companies do," Binny Bansal told the ET. 
 
His observation bears out in the numbers. Of the 30 early-stage capital-raising deals struck by healthcare startups since 2014, half were in the form of government grants, according to startup data tracker Tracxn. On the other hand, in the same period, 1,166 consumer internet startups managed to raise seed and angel funding. 
 Industry experts concede it's tough for such deep technology ventures to secure funding. "It is not very easy because you need to understand more of technology when you (want to invest in) deeptech healthcare and robotics," said <keyword id="1617764" type="UNKNOWN" weightage="20" keywordseo="Shanti-Mohan">Shanti Mohan</keyword>, founder of Let'sVenture, one of India's largest funding platforms for startups. 
 
For potential investors not familiar with such technology, it becomes difficult to grasp the end uses of the products these startups are developing.

Flipkart founders are taking risky
bets

<ul><li>International racers Aditya Patel and Armaan Ebrahim are behind the <keyword id="6603402" type="UNKNOWN" weightage="20" keywordseo="X1-Racing-League">X1 Racing League</keyword>. </li><li>With an IPL like format, it will have 8 city based franchises which will feature international male and female racers.</li><li>The X1 Racing League will be investing ₹50 crores per season.</li></ul>It was in 2011, that the first <keyword id="29472" type="PERSON" weightage="20" keywordseo="F1-race">F1 race</keyword> made it to India. Eight years later, motor sporting is still a distant dream for many Indian racing enthusiasts. But now international racers Aditya Patel and Armaan Ebrahim want to change that. The duo is bringing an exclusive motor sporting event to India – the X1 Racing League. Patel and Ebrahim are both former national champions currently racing internationally representing Audi and Lamborghini India. The X1 Racing League will follow an IPL like format where 8 city based franchises will participate in the races which will feature international and Indian male and female racers. Patel and Ebrahim have both been racing for 15 years now. “We have been travelling together the last 5 years, looking at different sporting events particularly motor sporting events. We have been looking at how to help the sport grow in India, because we haven’t seen a large number of Indian drivers coming out of the country,” Patel told Business Insider. The X1 Racing League will be investing ₹50 crores per season on operations, marketing, production and promotions. It is backed by Mohit Burman of Dabur India, Raghunandan, founder, TaxiForSure, Shanti Mohan, CEO, LetsVenture), Anupam Mittal of People Group and others. Bringing in the 8 city-based franchisees, they hope to garner a following in the country. “It’s a lot of sportainment. Each race will be of 45 minutes duration and there will be 3 races per day, with innovative race formats,” said Ebrahim. Being the first of its kind in India, they are also claiming to attract brands. “We are commercialising motor sports in India. With city affinities, the reaction has been very welcoming. With e-sports we are tapping the grassroot level and it is taking us to a whole new market altogether,” said Ebrahim. While the race will be held in November, they are also organising an e-sports league. Considering motor sports is an expensive game, they are bringing in e-sports, which works like a simple video game. “We are taking our racing simulators to colleges and malls in 8 cities. The winner from all 8 cities will be put through a racing program and will be contracted to X1 Racing League,” said Patel.

These two international racers are trying to build an IPL for motorsports in India

<keyword id="2238518" type="UNKNOWN" weightage="20" keywordseo="LetsVenture">LetsVenture</keyword>, which was was founded in 2013 by Shanti Mohan and <keyword id="110507" type="PERSON" weightage="20" keywordseo="Sanjay-Jha">Sanjay Jha</keyword>, is an online <keyword id="6357455" type="EVENT" weightage="20" keywordseo="Funding">funding</keyword> platform that is redefining early-stage investing in India with a host of business world biggies like Infosys cofounder <keyword id="44604" type="PERSON" weightage="20" keywordseo="Nandan-Nilekani">Nandan Nilekani</keyword>, <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword>'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. 
(Image: BCCL)

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

<a href="http://www.businessinsider.in/searchresult.cms?query=Ratan+Tata">Ratan Tata</a>, the emeritus chairman of <a href="http://www.businessinsider.in/searchresult.cms?query=Tata+Sons+">Tata Sons</a> and Mohandas Pai, chairman of Manipal Global Education Services would help the online deal-making platform, <keyword id="2238518" type="UNKNOWN" weightage="100" keywordseo="LetsVenture">LetsVenture</keyword> to grow as a firm. 
 
The inclusion of two corporate heavyweights as advisors and investors would be <a href="http://www.businessinsider.in/searchresult.cms?query=another+feather+in+the+cape+">another feather in the cape</a> of LetsVenture that recently announced a Series A <keyword id="6357455" type="EVENT" weightage="40" keywordseo="Funding">funding</keyword> from top entrepreneurs in India. 
 CEO Shanti Mohan is more than happy to have <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword> and Mohandas Pai on the company’s list of advisers. 
 
Ratan Tata, who has invested in at least a dozen companies in the recent past, also participated in the platform's undisclosed Series A round along with Mohandas Pai. 
 LetsVenture was founded in 2013. It has raised $17 million for 53 <keyword id="6362513" type="ORGANIZATION" weightage="80" keywordseo="Startups">startups</keyword> from investors spread across 20 countries. 
 
(Image: Reuters)

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