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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Founder Shanti Mohan is learning the hard way that being a middleman between investors and startup founders isn’t an attractive VC bet in itself.
In August, talk was rife that investment platform LetsVenture was in late-stage discussions to be acquired by fintech company StrideOne. However, the deal, which was supposed to close later that month, has been called off at the due diligence stage, according to three people in the know, who requested anonymity.
A deal, first reported by Moneycontrol, could have helped Bengaluru-based StrideOne work with investors and offer financing solutions to startups registered on LetsVenture.
Shanti Mohan, CEO and co-founder of LetsVenture, however, denies the acquisition plan. “We never confirmed that LetsVenture was on the block to find the buyers,” she …
