Funding Alert

Delhi based Blockchain Startup OneRare raises $2 million

• ByTejika Bajaj     |    November 18, 2021

The Delhi based metaverse for food, gaming and NFTs; OneRare has announced that it has raised $2 million led by prominent blockchain investors. The round saw participation from VC investors like Arkstream Capital, Momentum 6, StableNode, Exnetwork Capital, Enjinstarter, Everse Capital, Kangaroo Capital, Tag Ventures, Maven Capital, 1010 Capital, CSP DAO, Skyman Ventures, FF Ventures, ZBS Capita and Lucid Blue Ventures.

The funding round also saw keen interest from individual angel investors like Nischal Shetty (Founder at WazirX), Sebastien Borget (Co-founder, Sandbox), Sandeep Nailwal (Founder, Polygon), Ravindra Kumar (Founder, Frontier), Edmond Truong (Founder, Formation Fi) and Tamar Menteshshvili.

The recently infused capital is likely to be utilized by the startup for product development, marketing as well as building brand utility for NFTs which can be exchanged for real-life meals.

Talking about the recent funding round, the co-founder of OneRare, Supreet Raju expressed, “The blockchain industry is growing at a rapid pace, with more and more people around the world exploring Web3 applications. We are a critical point in the industry’s evolution as global interest grows, and people look to engage in their first blockchain experience. The conversion of interest to interaction will determine the next wave of blockchain adoption.”

Founded in 2021 by Supreet Raju and Gaurav Gupta, OneRare is the first metaverse for food, games and NFTs in the world. The startup caters to global food mavens whereby they can farm for ingredients, trade them at the market or head to the kitchen to claim dishes. The blockchain metaverse also features a playground where they can use their NFTs to battle in mini games.

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