Sahicoin raises $1.75mn in seed funding from Alameda ventures

Crypto native social platform Sahicoin has brought $1.75 million up in the latest seed round led by Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors. The fresh round of funding will be deployed to scale the team across engineering and product, and grow the platform.

A huge number of users who start their Crypto and Web3 journey struggle to comprehend the underlying assets to make the correct investment decisions, Vaibhav Domkundwar, Better Capital, said. “Sahicoin is the only education first application that helps users learn about Crypto and Web3 assets from trusted experts and friends to invest smartly and certainly. We are excited to join forces with the Sahicoin team as they unlock their full vision”, he added.

Founded by Amit Nayak, Ankush Rajput, and Melbin Thomas, the platform aims to enable the next billion crypto enthusiasts to make faster and better investing options. Sahicoin brings together crypto experts and new investors to share crypto updates, trends, knowledge, and intelligent signals.

The current seed round witnessed participation from multiple founders, CXOs, and angel investors, including Kunal Shah from CRED, the Indian cricketer Suresh Raina, YouTuber and Podcaster Ranveer Allahbadia, Naveen Kukreja – Paisabazaar, Aneesh Reddy – Capillary, Gyanesh Maheshwar – Coinbase, Prashan Agarwal – Gaana.