Green House Ventures (GHV) Accelerator and LetsVenture (LV) have announced a partnership agreement wherein LetsVenture will provide GHV access to curated start-ups for their accelerator program, which includes a funding of USD 100,000. The partnership will create easier access to seed capital and Series-A funding for start-ups.
LetsVenture since its inception has closed 18 rounds of funding, with amounts ranging from INR 50 lakh – INR 5 crore.
GHV Accelerator is designed to help startups get Series-A funding. It will therefore help LetsVenture start-ups to speed up the access to follow-on capital post the initial investment by GHV.
GHV will evaluate all the start-ups introduced by LetsVenture, which have a potential to grow 10 times and have their T.E.S.T.PoC in place. T.E.S.T. refers to Team, Execution Capability, Scalability in the business model and Technology, while POC refers to Proof of Concept.