Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors led a $1.75 million seed round for Sahicoin, a crypto-native social platform. The freshest round of money will be used to expand the engineering and product teams, as well as the platform.
Sahicoin brings together crypto specialists and novice investors to discuss the latest news, trends, information, and intelligence signals in the crypto world.
Amit Nayak, co-founder & CEO of Sahicoin, said, “Since crypto is global by nature, our growth too, is not just limited to India. We plan to partner with key exchanges, DeFi, and NFT players, which will expedite the onboarding of the next billion users onto the crypto ecosystem.”
“For most people crypto is noisy and inaccessible. We need a product like Sahicoin that helps people make responsible investing decisions,” said Ramnik Arora, FTX.
Several founders, CXOs, and angel investors participated in the current seed round, including Kunal Shah of CRED, Indian cricketer Suresh Raina, YouTuber and Podcaster Ranveer Allahbadia, Naveen Kukreja of Paisabazaar, Aneesh Reddy of Capillary, Gyanesh Maheshwar of Coinbase, Prashan Agarwal of Gaana, Ariel Jalali of Paragon Tech, Sasi Kanth Nagalla – Stripe, Nitish Maini & Rohit Agarwal – WorldQuant, Amit Arora – Evercore, Amit Chand – TCNS, Ajinkya Kulkarni – Wintwealth, Saurabh Aggarwal – Fitso, Prabhat Gupta – TravelTriangle, Prateek Sharma, and others.
Users may acquire simplified crypto knowledge, track the best-performing portfolios, test investment methods, and earn points and awards with the Sahicoin app, which is accessible on both Android and iOS. India, the United States, Canada, the United Kingdom, Singapore, the United Arab Emirates, and five other countries are among the current users and specialists.
“Millions of users who start their crypto & Web3 journey struggle to understand the underlying assets to make the correct investment decisions. Sahicoin is the only education-first app that helps users learn about Crypto and Web3 assets from trusted experts and friends to invest smartly and confidently. We are excited to partner with the Sahicoin team as they unlock their full vision”, expressed Vaibhav Domkundwar, Better Capital, an early investor of breakout companies like Slice, Rupeek, Open, Teachmint, Khatabook, and others.
