Crypto Native Startup Sahicoin raises $1.75 million in Seed Round
- ByTejika Bajaj | January 20, 2022
The Crypto native social platform Sahicoin has recently announced that it has raised a sum of $.75 million in seed round of funding led by Alameda Ventures and Better Capital Ventures. The round also witnessed participation from multiple founders including Kunal Shah (CRED), Suresh Raina, Ranveer Allahbadia, Naveen Kukreja, Aneesh Reddy, Prateek Sharma, Prashan Agarwal and Nitish Maini amongst other prominent personalities.
The company officials have clarified that the freshly infused funds will be utilised to scale the team across multiple functions including product and engineering. Furthermore, the startup also intends to further expand and grow its platform.
“Millions of users who start their crypto & Web3 journey struggle to understand the underlying assets to make the correct investment decisions. Sahicoin is the only education-first app that helps users learn about Crypto and Web3 assets from trusted experts and friends to invest smartly and confidently. We are excited to partner with the Sahicoin team as they unlock their full vision”, said Vaibhav Domkundwar, Better Capital, an early backer of breakout companies like Slice, Rupeek, Open, Teachmint, Khatabook, and others.
Launched by IIT alumni Amit Nayak, Ankush Rajput and Melbin Thomas, Sahicoin is a platform which allows its clients to make faster and better investing decisions in the sphere of crypto. The platform brings forth experts as well as new investors to share crypto updates, trends, knowledge and intelligent signals to ensure that its customers can make well informed decisions. Current users and experts are from India, US, Canada, UK, Singapore, UAE and 5 other countries.
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