We have strategically entered into a partnership with Singapore-based tech media outlet The Passage to enable Chinese Investors to discover and invest in Indian startups.
The Passage and LetsVenture will also facilitate business trips for investors to India to help them understand the Indian Startup eco-system.
Technology is going mainstream in India and China, the two largest internet markets around the world. The governments in both the countries are currently pushing for innovation and encouraging startups to gain traction. They are also putting forward internet development plans—Digital India in India and Internet+ in China.
“China has emerged as the biggest source of growth capital for Indian startups. Multiple smaller funds and early-stage investors also now getting active. At LetsVenture, we believe that the partnership with The Passage will establish a formal channel of discovery and syndication for China investors looking to access personalized curated startups, along with support on paperwork and closure, and post-transaction reporting,” Shanti Mohan, co-founder and CEO of LetsVenture said.
With its experience of working with investors from 23 countries, LetsVenture understands that any cross-border investor needs either a trusted partner or feet on the street to make investment decisions. With its credibility in the early-stage space and access to some of the best deals in the ecosystem, the company has established itself as the trusted partner for global investors looking at India opportunities.
“We are excited to begin this partnership by hosting a private delegation of Chinese investors and corporates at our flagship LetsIgnite CrossBorder conference on 31st October in Bangalore,” Mohan adds.
As part of the outreach, The Passage will also host Indian Startups in China and enable interactions with Baidu, Alibaba, Tencent, and unicorns from the region.
The Passage, founded by Hu Jianlong, is committed to creating in-depth content on the technology industry across Asia.
“The engagement between Chinese and Indian business community is just taking off. We are glad that LetsVenture shares the same vision with us and keen to give more momentum to boost person-to-person ties in this field,” Hu said.
Founded in 2013, LetsVenture is India’s premier platform for angels, family offices, and foreign funds to invest in startup & VC funds. LetsVenture works with startups and investors on discovery, syndication, and closure of funding rounds. There are 1,8000+ startups and 3,000+ investors on the platform. In the last 4 years, their investor members have invested in 163 companies with a total of USD 66.8 million being raised. LetsVenture is backed by India’s most prominent investors like Accel, IDG Ventures, Infosys founder Nandan Nilekani, Wipro chief strategy officer Rishad Premji, Tata Group chairman emeritus Ratan Tata, IT veteran Mohandas Pai, Singapore-based entrepreneur Karan Thakral.
Founded in 2017, The Passage, a technology media startup focuses on the Asian market, mainly India and China. It covers news related to technology startups and industry trends. The Passage is committed to create in-depth content on the technology industry and channelize the information flow between the two driving economies. The headquarters of the company is located in Singapore, with international correspondent branches in Beijing, New York, and Bangalore. The Passage is run by professionals specialized in reporting in-depth news relating to the technology business. Its Chinese and English contents are held in high regard by national and international experts in the industry.