LetsVenture, India’s premier platform for Startup & Venture Capital investments, has announced the launch of LV Titans - a pioneering platform to activate Family Offices to participate in the emerging asset class.
Till date, LetsVenture had been largely focused on serving Angel Investors. On their online platform, 700 angel investors have deployed $50M into 135 companies. The company is now looking to re-create their success in the Family Office segment by enabling them to access growth stage startups and differentiated global VC Funds.
In the last 3-4 years, more than 100 Family Offices have been setup in India alone - primarily by families who have had liquidity events after taking their companies public or having exited their stakes to PE funds and strategic acquirers. Through LV Titans, the company aims to source exclusive investment opportunities in growth stage startups for this emerging class of high profile investors.
Commenting on the launch, Shanti Mohan, Founder & CEO of LetsVenture said “Growth stage entrepreneurs are typically aware of a small number of capital sources - mostly VC Funds. LV Titans will unlock new alternate sources of capital for such startups. Titans of the business world – owners of Family Offices who have built large, profitable businesses in the pre-venture era - bring a wealth of domain expertise, business acumen, networks, and a deep understanding of the Indian market along with their capital. They are perfect partners to entrepreneurs who are scaling their technology & innovation in the market.”
According to a recent data by Venture Intelligence PE-VC Deals Database, family offices have made 288 private company investments in the last five years. These transactions, including contribution of co-investing PE-VC funds, was worth $4.5 Billion. Examples of such investments include PremjiInvest in PolicyBazaar.com, Nandan Nilekani in Power2SME, Catamaran Ventures in Acko and Kris Gopalakrishnan in MedGenome.
“Our platform will also enable family offices to diversify into hi-tech opportunities in Silicon Valley and Israel. LV Titans will be a comprehensive partner to sophisticated Family Offices for the Venture asset class. Based on the early traction we witnessed since our beta launch 6 months ago, we expect more than INR 1000 Cr to be invested on the LV Titans platform over the next couple of years.” said Ganesh Nayak, Director of LV Titans.
LV Titans was launched by Ronnie Screwvala, Founder of UTV & Unilazer Ventures and Sasha Mirchandani, MD and Founder of Kae Capital at a private dinner in Mumbai which was attended by marquee Family Offices from across India.