A round of seed funding led by Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors has raised $1.75 million for Sahicoin, the first crypto native social platform. With this round of funding, the engineering and product teams will be scaled and the platform will grow.
Sahicoin incorporated by former IIT Kanpur students Amit Nayak, Ankush Rajput, and Melbin Thomas, the platform aims to empower crypto enthusiasts to make better investing decisions faster. Crypto experts and new investors meet on Sahicoin to talk about crypto updates, trends, knowledge, and smart signals.
A number of founders, CXOs, and angel investors participated in the seed round, including Kunal Shah from CRED, Suresh Raina of Indian cricket, and Ranveer Allahbadia of YouTube. As part of the round, Paisabazaar founder, Naveen Kukreja, Capillary chief, Aneesh Reddy, Coinbase, Gaana chief, Prashan Agarwal, Paragon Tech’s Ariel Jalali, Stripe’s Sasi KanthNagalla also participated.
Sahicoin is an app that is available for both Android and iOS platforms that simplifies crypto knowledge, tracks best-performing portfolios, tests investment strategies, and awards points & rewards. Currently, users and experts come from India, the United States, Canada, the United Kingdom, Singapore, the UAE, and five other countries.
The crypto space is noisy and difficult to navigate. We need a tool like Sahicoin that helps people make responsible investment decisions said Ramnik Arora, FTX founder.
As crypto is a global phenomenon, our growth and capabilities are not limited to India alone. We will partner with key exchanges, DeFi, and NFT players that will help onboard the next billion users to the crypto ecosystem, Sahicoin CEO & Co-founder Amit Nayak said .
