LetsVenture Rebrands To LVX To Back Growth Stage Startups

Bengaluru-based venture capital (VC) firm LetsVenture has rebranded as LVX to enter the growth-stage investment segment.

With this transition, the VC firm will complement its existing early-stage investment arm with growth-stage capital support, along with investor education.

“With LVX, we bring all our products, people, and possibilities under one trusted brand. We are building for India@2047 — creating a platform that is modular, scalable, and ready for the next generation of founders and investors,” LVX founder and chief executive officer Shanti Mohan said.

Under LVX, the VC firm will be rolling out three verticals to cater to various segments:

• LVX Start: To back early-stage startups with angel investments
• LVX Grow: To support growth-stage startups with funding from VCs and family offices
• LVX School: To educate investors as well as founders around fundraise, capital infusion and growth targets

“Today everyone knows LetsVenture as the early stage platform. We are also doing the name change to ensure that people know that LVX Start is the early stage platform where we work with HNIs for early stage with our angel AIF, LVX Grow is our growth platform where we work with family offices, and HNIs for growth and secondary, and LVX School is the open sourced learning platform for investors,” Mohan told Inc42.

This follows the investment firm last year rolling out a debt financing marketplace, LV Debt, to educate founders and offer debt financing to startups.

Founded in 2013 by Mohan and Sanjay Jha, LVX provides a full-stack marketplace for angel startup investments. It counts Accel, Chiratae Ventures, Ratan Tata, Mohandas Pai and Anupam Mittal among its key backers. It claims to have onboarded more than 900 portfolio companies and 14,000 investors.

LVX counts the likes of Stockgro, Kenko, Giva, Fasal, Yulu and FarMart as its portfolio companies.

In 2022, Mohan launched a micro VC fund, Propell, to back 30 early-stage startups working in sectors such as ecommerce, fintech, SaaS and D2C.

The Growth Stage Bet

LVX’s growth-stage foray comes as a logical succession to its early-stage bets. Unlike seed-stage ventures, growth-stage startups have already demonstrated product-market fit, established revenue streams and have a strong management team.

This proven traction significantly reduces the investment risk for VCs and, as such, growth-stage investments have emerged as an attractive proposition for investment firms. As per an Inc42 report, growth-stage funding surged 18% year-on-year (YoY) to $2 Bn in the first half (H1) of 2025. This amount was raised across 143 deals, with the median ticket size of $8 Mn.

While fintech has successively emerged as the largest contributor in the growth-stage deals in the past many years, Inc42 predicts that investors are likely to shift their focus to artificial intelligence (AI) in the second half of the calendar year, specifically for growth-stage investments.

LVX’s rebranding also comes at a time when investors are accumulating dry capital to back homegrown growth-stage startups. More than 10 growth-stage funds were launched in H1 2025.

Last month, healthcare-focussed HealthKois launched a $300 Mn fund to back early and growth-stage startups.

Similarly, Physis Capital, led by Inflection Point Ventures founders, raised over INR 200 Cr for its maiden fund, with a target corpus of INR 400 Cr to back growth-stage startups.

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