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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.
An unexpected proposal for a change in old contracts has thrown off the investors of LetsVenture. Conflict is brewing.
The funding winter seems to have hit Shanti Mohan’s LetsVenture hard. Founded in 2013, the online platform—which connects early-stage startups with potential investors—did manage to hold its own all these years. But in October last year, talks for an acquisition by fintech company StrideOne fell through at the due diligence stage (we wrote about it at the time). CEO and co-founder Mohan, had however, denied the acquisition plan.
For some time now, the platform has also been struggling with leadership issues, high attrition levels and investors’ concerns about the multiple conflicts of interest in its “syndicate” model (the set-up allows …
The nearly two-decade-old investment platform will not make any angel or pre-seed investments anymore. Its closure tells the larger story of the state of angel investing in India.
India’s leading angel investment platforms are going all out to lure people from smaller cities to startup investing, despite the attendant risks and regulatory issues involved.
The seven-year-old startup quietly shut shop and founder Sharmin Ali stopped answering questions, leaving the investors high and dry.
