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| Green House Ventures Accelerator ties up with LetsVenture |
Gurgaon-based Green House Ventures (GHV) Accelerator has joined hands with deal discovery platform LetsVenture(LV) in a collaborative model to create easier access to capital for seed ventures.
"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.
For startups listed on LetsVenture, this partnership gives them access to high value mentoring and increases chances of funding.
Vikram Upadhyaya, Chief Mentor at GHV, said: "We are going to look at all the startups in LetsVenture, who have the potential to grow 10x."
Founded in 2013, LetsVenture is an online platform that connects startups with investors to facilitate early stage funding and currently has over 2,200 startups and 760 investors from 19 countries registered on it.
GHV's selection criteria for startups will focus on - team, execution, capability, scalability, technology, and proof of concept.
"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 the tune of 20% at a maximum.
"We will only see actual results in a year, to know how effective the partnership actually is," said Mohan.
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