LetsVenture to invest in early-stage healthcare startups
Online funding platform for startupsLetsVenture is launching a specialised healthcare investment programme called Healthcare Council which aims to provide market access and mentorship to young companies. Industry experts from hospitals, insurance providers, pharma companies, angels and venture capitalists will be a part of the programme.
LetsVenture has already onboarded former entrepreneurs and angel investors Raghavendra Prasad, founder of doctor appointment scheduling app Qikwell who was sold to Practo and Paddy Padmanabhan, founder of Damo Consulting.
The council aims to make 15-20 investments of Rs 3-5 crore each in startups over the next one year, focusing on healthcare at the seed and pre-series A stages. Further, it aims to setup a community that facilitates knowledge exchange and helps members to connect and exchange ideas.
Founded in 2013 by Sanjay Jha and Shanti Mohan, LetsVenture wants to provide domain expertise to these founders through industry practitioners. LetsVenture May launch at more such verticals for other segments as well.
LetsVenture’s investments include DailyNinja, MyUpchar, Bobble and Testbook among others.
“We realised over time that some sectors needed a deeper touch point – for founders and investors. Sector-based verticals on the platform have been envisioned almost like a special interest group offering discussions for the community around new trends, customer connects, and funding,” said Mohan, CEO of LetsVenture. Further, the council will ensure founders collaborate with doctors and hospitals.
Source: ET Tech