LV News

LetsVenture In The News(22-28 Nov)

Mentor Kart, Toppersnotes & Magenta made the headlines last week.

Tech-based Mentorship Platform MentorKart® raises USD 250K LetsVenture & Ashish Vidyarthi Join this round

Leading Tech-based Mentorship patented platform MentorKart announced that in its extended round of funding, it has raised funds from LetsVenture and senior actor & motivational speaker Ashish Vidyarthi taking total funds raised till date to USD 250K. 

MentorKart will utilise the funds for its go-to Market plans, enhancing its platform, strengthening tech capabilities, building new products and expanding teams across tech, product, and marketing. 

Read more: https://techgraph.co/business/startups/letsventure-ashish-vidyarthi-joins-250k-funding-round-for-mentorkart/

Test Prep Startup Toppersnotes raises $1mn in a seed funding round

Test Prep Startup Toppersnotes raises $1mn in a Seed round led by Inflection Point Ventures. The round also saw participation from LetsVenture, PlanB Capital, Pulkit Agrawal (CEO – Trell), Ashish Sharma, (MD – Innoven Capital) and other notable angels.

Read more: https://www.expresscomputer.in/news/test-prep-startup-toppersnotes-raises-1mn-in-a-seed-funding-round/81410/

Magenta to infuse ₹250 crore in Tamil Nadu for EV unit

Magenta will invest close to ₹250 crores and set up a manufacturing unit focused on the design, product development and architecture standards for EV technologies in the e-mobility space. The investment will be mainly for the R&D, manufacturing technologies and a broader set of choices in the e-mobility segment. It signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state.

Seed funded by HPCL in 2018 & incubated by Shell in 2019, Magenta is also backed by the Microsoft Startup Program further to strengthen its advanced technology platform for Electric Mobility. In 2020, Magenta had raised pre-series funding from JAN (JITO Angel Network) and LetsVenture. In May 2021, Magenta announced that it had closed its Series A funding by renowned Indian American philanthropist, billionaire, and serial entrepreneur, Dr Kiran Patel.

Read More: https://www.livemint.com/auto-news/magenta-to-infuse-rs-250-crore-in-tamil-nadu-for-ev-unit-11637832135630.html

To read key news and updates from last week on angel investing & startups from LetsVenture, visit: https://blog.letsventure.com/lv-news/letsventure-in-the-news15-21-nov/

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