Thematic crypto investment platform Koinbasket raises $2 M pre-seed round
- ByStartupStory | May 6, 2022
A thematic crypto investment start-up founded by Khaleelulla Baig in 2022, KoinBasket, has raised $2 Million in a pre-seed funding round which will be used to fund the product and for expanding the geographical area, investing in technology that aims at enhancing the customer experience and also hire top talent.
The top investor include Sandeep Nailwal, co-founder of Polygon; followed by Omar Rahim, former director of Binance; Navin Gupta, managing director of Ripple; Ajeet Khurana and Kube VC. In addition to these big investors, other noteworthy ones were Google, Accenture, Upsparks, Chona Family Office, Nimesh S Kampani, and Global CXOs from CITI Bank.
The founder of KoinBasket, Khaleelulla Baig is a wealth-tech entrepreneur with over more than a decade of experience in regulating heavy sectors like insurance, crypto space, stockbroking, and wealth management. KoinBasket, as a startup offers a diversified range of crypto investment products to over 15 million users who are in their partner ecosystem.
The Chief Executive Officer and the founder, Khaleelulla Baig sums ups the importance of crypto in these words, “evolving rapidly and is in a near hyper-adoption phase”, which captures the essence of how much crypto can grow in the future since even the current user base is growing significantly. And also the potential users of Crypto by the year 2030 are estimated to be over two billion users. Hence, the startup is focusing on filling the gap of crypto mutual funds with thematic crypto baskets.
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