LetsVenture launches LetsIgnite – Version 2.0 of investor pitching

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  • The idea is to empower entrepreneurs by giving them access to the best angel investors.
  • LetsIgnite aims to bridge the quality access gap between entrepreneurs and investors

According to a recent report by VCCEdge, the year 2014 had the highest-ever inflow of angel and seed funds in India. In 2014, $115 million was raised by entrepreneurs from angels and seed funds across 285 deals as compared to $69 million in 2013 across 262 deals. Angel investing landscape is evolving with wealthy Indians, top corporate leaders and successful entrepreneurs joining the startup bandwagon. It is a well-known fact now that angel investment helps startups in early stage growth as these angels provide mentoring support as well to startups.

LetsVenture, an online platform for angel funding, founded in 2013 by Shanti Mohan and Sanjay Jha, has helped startups raise around $6.5 million across 23 deals since its inception. It aims to solve the early stage investment problem that entrepreneurs face. Though angel investment is on a rise, but still access to the angel investors who understand startup continues to be a roadblock. To address this issue, LetsVenture has launched an initiative – LetsIgnite. Scheduled for April 22, it is going to be the first Angel Summit of India which aims to connect bright startups with the angel ecosystem.

The main highlight of LetsIgnite would be “LetsIgnite Startup Competition”. 30 startups will be selected from the pool of applications. These 30 startups would enter into a voting round. Through the voting by angel investors, top 5 startups would be selected to pitch for live funding to the jury of selected angels and VCs. Apart from startup competition, the summit aims to highlight the angel investment trends, best practices for angel ecosystem and global angel investment perspectives.

Speaking about this initiative, Shanti Mohan, Founder and CEO of LetsVenture said “The goal of LetsVenture has been to make startup funding easy for entrepreneurs – in terms of transparency in the funding process, ease of access to investors, and closure on paper work. Last year we have seen tremendous traction. LetsIgnite is an initiative to continue to make a difference – hence the event is highly curated both for angel investors and startups as we want to make meaningful introductions for investors and startups.” She added “Investors have the opportunity to meet people from non-overlapping networks and create relationships with other angel investors, as well as meet some great entrepreneurs who are raising their angel round. Startups raising 1-4cr would be shortlisted, which makes this a ‘serious’ angel event.” Sharad Sharma, Founder and Governing council member of iSpirt said “Entrepreneur for the first time has a choice. This is the version 2.0 of investor pitching events.”

Investors who are keen to attend need to request an invite through the website. The application for LetsIgnite Startup Competition closes on March 20th. Interested startups need to apply via LetsIgnite website (www.letsignite.in).

About LetsVenture

LetsVenture is an online platform for startups and investors to facilitate angel and seed investments. Founded by Shanti Mohan and Sanjay Jha in 2013, LetsVenture connects startups with investors and startup programs as well. Last year, $6.5 million was raised on LetsVenture’s platform across 23 deals and 4900+ connections were made. For more information, please visit www.letsventure.com

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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