Crypto Platform Sahicoin Raises $1.75 Mn In Seed Funding
Social platform for crypto users Sahicoin has raised $1.75 million in a seed funding round led by Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors.
Kunal Shah from CRED, the Indian cricketer Suresh Raina, Naveen Kukreja (Paisabazaar), Aneesh Reddy (Capillary), YouTuber and Podcaster Ranveer Allahbadia, Gyanesh Maheshwar (Coinbase), Prashan Agarwal (Gaana), Ariel Jalali (Paragon Tech), Prabhat Gupta (TravelTriangle), Prateek Sharma, and others, also participated in the funding round.
As per the startup, the freshly raised funds will be deployed to scale the team across engineering and product and grow the platform.
Sahicoin | Bridging The Gap Between Crypto And People
Founded by IIT Kanpur alumni, Amit Nayak, Melbin Thomas, and Ankush Rajput, Sahicoin is bridging the gap between crypto and people and aims to empower the next billion crypto enthusiasts to make faster and better investing decisions.
The platform brings together crypto experts and new investors to share simple and actionable information like crypto updates, trends, knowledge, and intelligent signals.
Speaking about the development, Amit Nayak, Co-founder & CEO of Sahicoin, said,
“Since crypto is global by nature, our growth too is not just limited to India. We plan to partner with key exchanges, DeFi, and NFT players, which will expedite the onboarding of the next billion users onto the crypto ecosystem.”
Available on both Android and iOS, the Sahicoin app enables users to get simplified crypto knowledge, follow the best-performing portfolios, test investment strategies and earn points & rewards. Current users and experts are from India, Canada, the UK, Singapore, the US, UAE and five other countries.
As per Ramnik Arora, FTX, crypto space is noisy and inaccessible for most people.
“We need a product like Sahicoin that helps people make responsible investing decisions,” said Ramnik.
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