Sahicoin has raised $1.75 million in the latest seed round led by Alameda Ventures (FTX), Better Capital Ventures and other institutional investors. The new round of funding will be deployed to expand the team in engineering and product and develop the platform. Founded by IIT Kanpur alumni Amit Nayak, Ankush Rajput and Melbin Thomas, the platform aims to empower the next billion crypto enthusiasts to make faster and smarter investment decisions. Sahicoin brings together crypto experts and new investors to share crypto updates, trends, knowledge and intelligent signals.
The Sahicoin app is available on both Android and iOS, where users gain simple crypto knowledge, follow the best-performing portfolios, test investment strategies and earn points and rewards. Current users and experts are from India, US, Canada, UK, Singapore, UAE and 5 other countries.
“Crypto is noisy and inaccessible to most people. We need a product like Sahicoin that helps people make responsible investment decisions.” Ramnik Arora, FTX said.
Amit Nayak, Co-Founder and CEO of Sahicoin, said, “Since crypto is global in nature, our growth is also not limited to India. We plan to partner with major exchanges, DeFi and NFT players, Which will accelerate the onboarding of the next billion users on the crypto ecosystem.”
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