Crypto trading platform Crypso raises $3 million in seed funding from Hashed Emergent, others

• ByStartupStory     |    July 26, 2022

Crypso, a community-led cryptocurrency trading platform, has received $3 million in seed investment from Hashed Emergent, Athera Venture Partners, Better Capital, & Whiteboard Capital. Polygon founders Sandeep Nailwal & Jaynti Kanani, as well as Cred founder Kunal Shah, were among the prominent angel investors that took part in the round.

Crypso, launched earlier this year by Truebil founders Suraj Kalwani, Ravi Chirania, & Rakesh Raman, enables crypto users to study and find the newest crypto trends, as well as invest via trade signals created by crypto specialists, on numerous altcoins. The new funds will be used to expand the company’s user base and broaden its product offerings and technologies.

Given the company’s low burn rate & tiny crew, Kalwani believes it will be able to maneuver the current crypto market dip. Aside from the bear market, crypto trading firms in India also saw their trade volumes collapse as a result of a new tax policy.

Crypso currently has 50,000 registered members. It intends to reach 1 million active users within the next 8 to 12 months. “The market is down, and this is an excellent moment to construct.” “Our objective is to build this behavior in which people are coming to Crypso not only to invest, but to learn where to invest, and if we can crack this, we believe it is a massive consumer business potential,” Kalwani said.

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