<div><strong>Simar Singh</strong><br><br>LetsVenture, an online startup funding facilitator, announced that it had brought on Ratan Tata and Mohandas Pai as advisors. The two corporate heavyweights have also invested an undisclosed amount in the company’s Series A round of funding.</div><div> </div><div>Founded by Shanti Mohan and Sanjay Jha in 2013, LetsVenture provides a platform for entrepreneurs to meet investors, simplifying the fundraising side of things. </div><div> </div><div>CEO Shanti Mohan said that having Tata and Pai on was an endorsement go the company as a trusted platform for investors and entrepreneurs.</div><div> </div><div>Reportedly, LetsVenture has around 750 startups and 1,200 investors registered across 20 countries. Around 375 of these are India.</div><div> </div><div>To date, LetsVenture has raised around $17 million for 53 startups and should be able to close 35 funding deals by the end of the year.</div><div> </div><div>Since his retirement, Tata has been actively involved in the Indian startup scene as a venture capitalist. His portfolio includes taxi aggregator Ola, furnishings portal Urban Ladder, marketplace Paytm and Car Dekho, to name a few.</div><div> </div><div>LetsVenture’s Series A round which was conducted last week saw the participation of many high profile investors including Infosys co-founder Nandan Nilekani, Wipro’s director Rishad Premji and Snapdeal founders Kunal Bahl and Rohit Bansal.</div>
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