I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
LetsVenture, a deals syndicate platform for seed and angel investments, is starting a network for only women to widen the base of women angel investors. According to a survey conducted by the platform, only 1% of 10,000 angel investors in India are currently women. The new network aims to onboard 100 high networth women angel investors. “In addition, we will launch at least five lead syndicates run by women,” said Shanti Mohan, co-founder & CEO of LetsVenture.
This program wants to onboard at least 100 female investors by the end of the year, who can invest as little as Rs 2-3 lakh in a startup. The money is part of a larger round- startups raise at least a few crores in their first (seed) funding round. These 100 investors can invest together in a startup as part of LetsVenture- in whose name the investment is made.
“Having spoken to several women investors as well as those that are suited to fall into this bucket, we found that the biggest impediments were the lack of access to networks where knowledge and startup deal flow is shared. So, an important pillar of the programme is to create a rolling investor education series while opening up the platform for women to actively assess and access startup investments. The other key aspect of the programme is to provide a platform for women angels to also actively mentor startups and provide guidance to founders in their areas of expertise,” said Sunitha KR, President.
