LetsVenture – India’s largest online marketplace for startups and deal syndication has partnered with one of the oldest Angel Networks, The Chennai Angels. Through this partnership, they aim to bring together the strengths of both the networks, TCA’s commitment to make their portfolio companies successful and LV’s strategic deal flow and curation.
Commenting on the development, Shanti Mohan, Founder of LetsVenture stated, “This engagement has a great significance as offline network meets the online network. It’s a leverage on both sides – TCA investors are very experienced and credible – this partnership will bring high-quality investors who are also entrepreneur-friendly, which aligns very well with our core beliefs. We believe this partnership will also help strengthen the deal flow.”
LetsVenture, since its inception in 2013, has focussed on making the deal discovery for investors an easier process. In the last 4.5 years, their platform has enabled 154+ deals, out of which, 25 have gone on to raise next rounds of funding.
Meanwhile, The Chennai Angels is a 10+ years old network with 100+ Angel Investors from Chennai and beyond (the who’s who of business, corporate and Entrepreneurial success of Tamil Nadu). Their portfolio comprises of 32 companies from across sectors. TCA’s main focus has been to work with their portfolio companies and make them successful.
“LetsVenture has high-quality deal flow from different parts of India, while TCA is exceptionally strong in South India. Further TCA has a strong track record of investee company growth in areas beyond technology and digital like manufacturing, energy, chemicals, finance and services which will broaden LV syndicate capability” said Sameer Mehta, on behalf of TCA’s Executive Committee.