SucSEED Venture Partners invests in LetzConnect, an educational networking portal that offers ‘knowledge connectivity’ to students. This Pre-Series A Fund-raise round was also co-invested by Obopay Mobile technologies & Japanese Investor Syndicate.
LetzConnect state of the art platform enables users to communicate, showcase, learn and share within the ecosystem. The platform achieves that bringing the entire student community under one umbrella.
Praveen Ganesh, Founder of Letz Connect Technologies says, ‘Our aim is to provide academic support to students and help them improve their chance of employment by making them more employable. The first step for us is to get the student with us, which we do by providing them reading material and connecting them with a network. Once that happens, our AI enabled platform tries to understand a student’s choice, likes and dislikes and needs, to provide him/her contents and courses accordingly”.
Praveen further adds that “SucSEED has helped LetzConnect build the network of Industry experts who will be helping in building the right strategies from the market perspective. As part of the AICTE rollout, LetzConnect is presently being integrated across all technical institutions in the country. This round is very useful for the various scaling efforts and in building a sophisticated AI block within our ecosystem
Speaking on why SucSEED has invested in LetzConnect, Sai Sundaram, an Active Investor, with SucSEED, said “The need of the hour is to improve the employability of our youth studying in our institutes and leverage technology to enable them to meet both their potential and aspirations. LetzConnect through their platform enables students, faculty to collaborate and learn across institutional boundaries and gain knowledge, and access to opportunities. We are excited by the potential of LetzConnect and its vision and look to work closely with them to achieve upcoming milestones.”
Speaking on why SucSEED has invested in LetzConnect, Ajay Kalhan, an Active Investor, with SucSEED, said “Besides connecting students, faculty and providers with the content relevant to students, LetzConnect with their AI based platform allow organizations to connect, train and hire students as part of their social responsibility program. This in turn provides employment and future to the students in much need of help and that to SucSEED is the biggest game changer for any platform”.
Vikrant Varshney, Cofounder & Managing Partner of SucSEED, said “With LetzConnect investment SucSEED now has a full range of investments in Education Sector starting from KinderGarten to K-12 to College. This gives us unique opportunity to help fester collaborations between the start-ups like OckyPocky, XploraBox, SRJNA and LetzConnect to create a unique value proposition for the Edtech Sector”
