The Hive, LetsVenture join hands to set up incubator spaces for Indian startups

Sainul Abudheen
LetsVenture CEO Shanti Mohan (C) with The Hive team

LetsVenture affiliated companies will have special access to Hive’s workspaces and The Hive startups will get access to fundraising support on LetsVenture

LetsVenture CEO Shanti Mohan (C) with The Hive team

The Hive, a collaborative workspaces provider for entrepreneurs, freelancers, emerging enterprises and small businesses in India, has entered into a strategic partnership with LetsVenture, a leading online curated marketplace that connects startups to investors.

The alliance aims to promote the startup ecosystem in the country through development of incubator spaces and leveraging their respective core expertise in fund-raising, business services and community building.

Under the programme, The Hive and LetsVenture will work together to set up and manage incubator spaces for startups. Further, LetsVenture affiliated companies will have special access to the Hive’s network of collaborative workspaces across the country and The Hive affiliated companies will get access to fundraising support on LetsVenture.

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Ankit Samdariya, spokesperson, The Hive, said: “With LetsVenture, we aim to create an environment where startups can benefit from fund-raising services by LetsVenture and collaborative workspace solutions by The Hive, along with a series of events and programmes being planned to support in their growth journey.”

Shanti Mohan, Co-founder and CEO of LetsVenture, said: “This partnership with The Hive is strategic and is very well-aligned with our vision of making the fundraising process efficient and transparent for startups throughout the ecosystem. Our strength in building strong online communities coupled with The Hive’s innovative workplace solutions has the potential to impact a large number of startups.”

Designed as a launchpad for startups, The Hive is a collaborative workspace for entrepreneurs, freelancers, emerging enterprises and small businesses. Based out of bangalore, The Hive is spread over 60,000 sqft, with customisable modern office spaces comprising private offices, collaborative workspaces, dedicated concierge services, conference spaces, coupled with access to the swimming pool, fitness centre, spa, bars, restaurants and ample parking.

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Founded in 2013, LetsVenture enables startups and investors to discover and connect with each other. There are 12,000-plus startups and 2,000-plus investors on its platform. LetsVenture works with startups and investors on discovery, syndication and closure. This involves managing due diligence and paperwork closure.

LetsVenture has enabled more than 105 startups to raise over US$40 million.

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