Crypto Startup Crypso Raises $3 Million In Seed Funding
Crypso, a community-led crypto trading platform, has raised $3 million (about Rs 24 crore) in a seed funding round from Hashed Emergent, Athera Venture Partners, Better Capital, and Whiteboard Capital.
The funding round also saw participation from prominent angel investors, including Sandeep Nailwal and Jaynti Kanani (Polygon founders) and Cred founder Kunal Shah.
As per the startup, the raised funds will be used to grow its user base and increase the breadth of product offerings and technology.
Crypso | Vertical Social Network For Crypto Enthusiasts
Founded in 2022 by Truebil founders Suraj Kalwani, Rakesh Raman and Ravi Chirania, Crypso is a community-led crypto trading platform that is on a mission to democratize crypto for millions in India and the whole world.
The startup enables crypto users to learn and discover the latest crypto trends and invest via trade signals on various altcoins generated by crypto experts.
Speaking on the development, Suraj Kalwani, Co-Founder and CEO of Crypso, said,
“Crypto is fundamentally a social asset class, and young Indian users actively engage with peers, influencers, and investment communities for crypto updates, analysis, and investment signals. With Crypso, we’re bridging the discovery and transaction loop with a strong hook around guided crypto investing. Users can connect with peers and experts, follow their portfolio movements, and stay on top of crypto trends and investing opportunities.”
Focused on millennials and GenZ users, Crypso is connecting new crypto investors, influencers, and experts on a single platform. The startup is helping users learn new strategies by participating in community group chats.
Within a month of launch, Crypso has accumulated over 50,000 actively engaged users and over 100 crypto influencers, creators, and experts using the app for daily crypto trends and updates, with more than 25% of these users trading via social signals.
Crypso also witnessed more than 1 Cr in trade volumes within a couple of weeks after the launch.
Follow us and connect with us on Instagram, Facebook, Twitter, and LinkedIn.
Note: If you are a budding entrepreneur and require assistance in startup compliance services, new company registration or other startup related legal services, contact us.