Q: What is the revenue of LetsVenture?

₹24.3 Cr LetsVenture generated a total revenue of ₹24.3 Cr and incurred expenses of ₹24.3 Cr, resulting in a profit before tax of ₹-17.3 Cr for FY 2022-2023. After a total tax expense of ₹7.0 Lakh, the profit after tax stood at ₹-17.3 Cr.

Question 1

Who is the CEO of LetsVenture?

Accepted Answer

Shanti Mohan
Shanti Mohan is an angel investor and the Founder & CEO of LetsVenture and trica. She is the Nominated Committee Member, Alternative Investment Policy Advisory Committee (AIPAC) of SEBI. She is also Member of the Karnataka Vision Board for Startups.

Question 2

What does LetsVenture do?

Accepted Answer

LetsVenture enables startups looking to raise seed/angel money to create investment ready profiles online and connect to accredited Investors. They also allow startups to get their business plans reviewed by experts in their domain and connect to mentors.

Question 3

What is the revenue of LetsVenture?

Accepted Answer

₹24.3 Cr
LetsVenture generated a total revenue of ₹24.3 Cr and incurred expenses of ₹24.3 Cr, resulting in a profit before tax of ₹-17.3 Cr for FY 2022-2023. After a total tax expense of ₹7.0 Lakh, the profit after tax stood at ₹-17.3 Cr.

Question 4

How does LetsVenture work with Investors?

Accepted Answer

Break down the engagement with LetsVenture into 4 aspects:

Pre-Commitment: Here you can login to the platform or the mobile app and browse startups. The startups are personalised to your profile. If a startup is of interest to you, you can connect to the founder, your RM at LV or to the lead investor. Based on the information available to you, you can commit on the platform.

During commitment period: As the startups continues to syndicate, you will get updates on the deal progress. Once 80% of commitments come in, LetsVenture in partnership with the Lead Investor and founder initiate due diligence on legal and financial aspects of the startup. During this phase, you get weekly updates on the progress. Call for money is done once the DD is successfully completed and accepted by the Lead Investor.

Post Commitment: LetsVenture pools the investments through a vehicle registered with SEBI (LV Angel Fund) so that all investors come on the cap-table of the startup as a single entity. LetsVenture will do the complete deal documentation (legal paperwork).

Post investment: LetsVenture will provide a quarterly progress Report containing important business metrics, Financial health for all your portfolio Startups. We will also arrange for a quarterly conference call with your Portfolio Startups. We will also provide you with valuation report of your investments on an annual basis.

Name	Designation	Social Links
Shanti Mohan	Founder & CEO
Dipti Nair	Head - Brand & Marketing

Snapshot

LetsVenture

Let’sVenture enables startups looking to raise money to create investment ready profiles online, and connect to accredited Investors.

Revenue Stream

Target Market