Startup Funding, Family Offices & more.

From startups emerging as a popular alternative investment asset to disrupting the embedded credit market in India to making hiring a hassle-free process, here as the newsmakers from LV who made it to the headlines last week.Over 40% of family offices have doubled their allocation to private markets: Trica reportAs we build trica, we keep getting insights from our UHNIs and family offices on how they view private market investments in the areas of startups, venture capital & more. But we were surprised at the lack of reliable data and reportage on this. Even where quantitative data was available, quality commentary and perspectives were missing. It was to fill this gap that we partnered with AZB & Partners and Ernst & Young(EY) and put together a survey report to pick up the pulse of investors.

Click here to read the full report Fintech startup BharatX raises pre-seed round of $250,000

• BharatX, a fintech startup that provides credit-as-a-feature, has raised $250,000 in a pre-Seed round led by Java Capital, marquee angel investors and other industry veterans to boost embedded credit in the Indian market.
• Java Capital (Lead investor), Anupam Mittal, Founder Shaadi.com / People Group, Ritesh Jain, Ex Chief Operating Officer of HSBC, Faiz Mayalakkara, Director of Investments at UAE’s Sovereign Wealth fund, Amit Kumar Singh, ex-CBO, Indialends.com and LetsVenture AIF participated in the funding round.
• The funding will help drive BharatX’s strategy to deliver seamless Embedded Credit experiences on many consumer-facing platforms across India, with zero credit risk and zero operational headaches for the platforms
• Read more: https://www.thehindubusinessline.com/markets/stock-markets/fintech-startup-bharatx-raises-pre-seed-round-of-250000-led-by-java-capital/article37951725.ece

HireQuotient gets pre-seed funding from Binny Bansal, Kunal Shah among 7 unicorn founders

• Singapore-based HireQuotient, which automates HR interviews for companies, has received $1.8 million in its pre-seed round of funding from prominent angel investors, including seven Asian unicorn founders.
• Key angel investors in the round include Binny Bansal, Flipkart founder; Sumant Sinha, Chairman of ReNew Power; Mohan Lakhamraju, Founder & CEO of Great Learning; Sujeet Kumar, co-founder at Udaan; Kunal Shah, co-founder of Cred, Nimesh Kampani, Co-Founder & CEO of Trica, along with his syndicate on LetsVenture platform; as well as other leading investors across South-east Asia and The United States.
• The proceeds for the financing round will be used to accelerate technology and product development to better serve clients across different industries and roles in US and EU.
• Read more: https://www.vccircle.com/hirequotient-gets-pre-seed-funding-from-binny-bansal-kunal-shah-among-7-unicorn-founders

Making Startup Fundraising Easy For Founders

• Co-founder and CEO of LetsVenture, Shanti Mohan’s journey as an investor stems from her founder-operator background at an embedded systems company she had founded in early 2000 called Ionic Microsystems. After exiting the venture, she worked at HP in India and US in product roles. LetsVenture was founded in 2013 with the simple vision of making startup fundraising easy for founders and investors.
• While Mohan’s investments in the last 3-4 years were ad-hoc, in 2021 she has returned to actively investing. “My thesis is BIG BILLION BHARAT - bet on Big structural changes India is seeing today, bet on founders who want to build billion-dollar companies focused on solving and building for India. Fundamentally I believe that this decade will belong to the Indian founder, with CXO’s of large startups founding companies. This decade, founders will build faster, bigger and more globally competitive businesses from India,” she said.
• Read more: https://www.entrepreneur.com/article/402804

Abhay Agarwal of Piper Serica PMS explains changing investment preferences of HNIs

• HNIs will form the bedrock of providing private capital to the Indian private sector over the next decade.
• Start-ups looking to raise funds never had it so good. There are a number of crowdfunding angel platforms like Venture Catalysts, Indian Angels, Lets Venture etc. that are highly active in raising funds for start-ups. With 40 new unicorns minted just this year, India has the largest growth rate of unicorns in the world.
• While chasing these high return opportunities, the young HNIs are overlooking inherent risks. Investing in start-ups requires tremendous patience and comes with a high mortality rate of as much as 90 percent. The risk of illiquidity and the impact of taxes needs to be taken into account. At the same time, HNIs are rapidly learning after being exposed to so many investment choices for the same time. We believe that HNIs will form the bedrock of providing private capital to the Indian private sector over the next decade.
• Read more: https://www.moneycontrol.com/news/business/markets/abhay-agarwal-of-piper-serica-pms-explains-changing-investment-preferences-of-hnis-7842151.html

To read all the updates from last week, visit: https://blog.letsventure.com/lv-news/letsventure-in-the-newsdec-6-12/