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LetsVenture co-founder launches micro-investment fund Propell with Rs.50-Cr corpus
Shanti Mohan, the co-founder of early-stage investment firm LetsVenture, has launched a new micro venture capital firm Propell, with an INR 50 crore corpus. Propelll will focus on investments in early-stage startups in e-commerce, software services, direct-to-consumer (D2C) brands as well as technology enablement platforms. The fund is anchored by angel investors such as Reliance Jio president Vikas Choudhury and supported by Vivek Khare, advisor-corporate development and early-stage investments, Naukri.com; and Sudhi Herle, engineering, Android Platform at Google. It will be a part of the LetsVenture platform. Propell will look to invest in 15 additional early-stage startups over the next six months to one year.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.