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Venture Capital
secocha.com

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Investments

13

Portfolio Exits

1

About Secocha Ventures

Secocha Ventures focuses on Consumer Products & Services, Healthcare & Fintech companies. Most companies we look at are post-revenue, or have creatively proven Product Market Fit.

Secocha Ventures Headquarter Location

18851 NE 29th Ave, Suite 700

Miami, Florida, 33180,

United States

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Latest Secocha Ventures News

LetsVenture’s new business entity trica raises USD 3 M Seed

Oct 7, 2021

A+ Mumbai (Maharashtra) [India], October 7 (ANI/NewsVoir): LetsVenture, India’s leading startup investment marketplace today announced the launch of its new business entity – trica , a unified platform for equity management and private market investments. This new business entity has separately secured USD 3 million in a seed funding round from Accel, LC Nueva AIF*, Secocha Ventures; marquee angel investors Anupam Mittal of shaadi.com , Kunal Shah of CRED, Ashneer Grover of BharatPe, as well as family offices of Apurva Parekh of Pidilite, Rahul Talwar of the DLF Group and others. trica is a LetsVenture company where Nimesh Kampani is the Co-founder and CEO and LetsVenture Co-founders Shanti Mohan and Sanjay Jha are the Head of Strategy and Head of Product, respectively. MyStartupEquity – a SaaS product for cap table and ESOP management has rebranded to trica equity; and trica capital will facilitate investments in growth stage and pre-IPO companies from family offices, UHNIs and funds (Indian and global). LetsVenture will function as it is and will continue to focus on angel investing and early stage companies. India’s domestic capital pool is expanding – reports suggest that over USD 65 billion will be invested in India by 2025 and USD 30 billion of this will come from Indian domestic capital itself. The technology startup space is leapfrogging with 30 of India’s 65 unicorns getting created in 2021. trica sits at the centre of this universe with its equity management software, liquidity solutions and access to capital. The funds raised by trica will be used to build out the technology infrastructure stack for equity management for startups and investors, scale the product and grow the team. “trica has been conceptualised out of LetsVenture’s vision to build a transparent platform that democratizes private market investing. As a pioneer and market leader in the early-stage ecosystem, LetsVenture is a technology first platform – we continue to leverage this DNA as we launch trica and its suite of products – trica capital and trica equity. With trica, we now aim to be the market leader in equity management, primary fundraising and liquidity solutions at the growth stage of the market, thereby becoming a one-stop-technology led full-stack platform for founders,” said Shanti Mohan, Co-founder and CEO, LetsVenture. Commenting as a co-lead to the seed investment in trica, Subrata Mitra, Partner, Accel India said, “We’re excited to be an investor in trica: startups are becoming mainstream at an ever faster pace, and just like the DEMAT moment for public markets, we believe we’re at the right inflection point where private company ownership needs to be managed and scaled digitally; that’s exactly the mission that LetsVenture and trica have at their core. We think this is a global opportunity led by Indian tech and product talent!” trica is derived from the word ‘trikon’ or triangle and built on the pillars of trust, transparency and technology. Commenting on the launch of trica, Nimesh Kampani said, “In a short span of 15 months, we have 350 startups from India, Singapore and USA using our equity management SaaS product, including unicorns and pre-IPO companies like Delhivery, Infra Market, Pharmeasy, Zetwerk and Mobikwik. Similarly, in the last year the team has fulfilled exclusive investment mandates in over 20 growth stage startups, pre-IPO companies and venture funds from India and overseas. All of these were positive tailwinds for us to create a new unified technology platform and execute on the larger vision of truly powering India’s private markets.” Commenting on the market opportunity ahead of trica, Sohil Chand, Chief Investment Officer of LC Nueva AIF* said, “Over the last decade, more startups and unicorns have emerged in India than predicted and therefore the associated ecosystem has to develop dynamically as well. Entrepreneurs and investors these days are looking for one solution that caters to their needs and the market opportunity to provide these services is large.” trica has also strengthened its leadership team by bringing in Pranav Mahajani, former Investment Banker at ITI Capital and Siddhartha Sharma, who joins from Expedia. Pranav will head company relations at trica capital while Siddhartha will be heading the trica equity global SaaS business. We are obligated to ensure that information presented in press releases are true and accurate, and would require the footnote (indicated below) to be published in all articles. Please ensure that if you are publishing this news that your article carries the following footnote and is not removed or edited in any way. Thank you. *Investments into trica are warehoused in the name of LC Nueva AIF (“Fund”), which is an Alternative Investment Fund that is currently awaiting approval from Securities and Exchange Board of India (“SEBI”). The Fund will be launched once necessary regulatory approvals are obtained. trica is a LetsVenture company that creates software products for equity management and transactions. trica equity (erstwhile MyStartupEquity) is a SaaS product for cap table and ESOP management with 350+ customers from India, Singapore and USA. trica capital is a platform for UHNIs and family offices to back growth stage companies and funds. This is a venture-backed company whose investors include Accel, LC Nueva AIF* and Secocha Ventures. LetsVenture, founded in 2013 is India’s most trusted and active platform for startup investments with 7000+ angel investors, a portfolio value of over USD 3 billion and an Angel AIF with an AUM of over USD 64 million. This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content. Subscribe to our channels on YouTube & Telegram Why news media is in crisis & How you can fix it India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises. But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle. ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here .

Secocha Ventures Investments

13 Investments

Secocha Ventures has made 13 investments. Their latest investment was in trica as part of their Seed VC on October 10, 2021.

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Secocha Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/7/2021

Seed VC

trica

$3M

Yes

2

6/29/2021

Seed VC

10club

$40M

Yes

7

6/24/2021

Series A

Bling

$11.94M

Yes

Bpifrance, Goodwater Capital, and Undisclosed Angel Investors

6

2/10/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

1/26/2021

Seed VC

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$99M

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10

Date

10/7/2021

6/29/2021

6/24/2021

2/10/2021

1/26/2021

Round

Seed VC

Seed VC

Series A

Series A

Seed VC

Company

trica

10club

Bling

Subscribe to see more

Subscribe to see more

Amount

$3M

$40M

$11.94M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Bpifrance, Goodwater Capital, and Undisclosed Angel Investors

Sources

2

7

6

10

10

Secocha Ventures Portfolio Exits

1 Portfolio Exit

Secocha Ventures has 1 portfolio exit. Their latest portfolio exit was Ambrosia on October 22, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/22/2020

Acquired

1

Date

10/22/2020

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

Secocha Ventures Team

1 Team Member

Secocha Ventures has 1 team member, including current Managing Partner, Sanket Parekh.

Name

Work History

Title

Status

Sanket Parekh

Managing Partner

Current

Name

Sanket Parekh

Work History

Title

Managing Partner

Status

Current

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