Gurgaon-based Green House Ventures (GHV) Accelerator has tied-up with deal discovery platform LetsVenture to allow seed startups under its program to have easier access to capital or funds.
For startups listed on LetsVenture, this partnership gives them access to high value mentoring and increases chances of funding.
LetsVenture which enables startups looking to raise seed/angel money to create investment ready profiles online, and connect to accredited Investors. Once a startup has verbal commitments from investors, LestVenture help them in the funding closure process through our Commitment-to-Closure package.
GHV accelerator is first of its kind in india . The program will accelerate incubated startups for Series A round and growth to 10x in 12 mnths with SeedCapital.
GHV Accelerator was founded by serial entrepreneur and angel investor Vikram Upadhyaya. "We are going to look at all the startups in LetsVenture, who have the potential to grow 10x." said Vikram Upadhyaya.
"LetsVenture has access to good quality startups. With this partnership we will get access to good curated startups, and it reduces our time frame for evaluation since one level of curation will be done," said Anurag Kapoor, executive director and co-founder, GHV.
"The idea is to partner with a lot of players in the ecosystem who can help these startups go to the next level. We're also helping GHV curate some of these startup companies," said Shanti Mohan, founder and CEO, LetsVenture. Once they have completed the acceleration program, GHV will bring them back to the platform for early funding.
GHV's program houses 10 startups at a time through a one-year long program. Each startup can get seed funded with up to $100,000 in exchange for equity to .
Recently, LetsVenture has also tied-up with IDG Ventures, an India-focused technology venture capital fund. IDG Ventures will provide funds of around Rs.3 crore for seed-funding early-age startups via LetsVenture.
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