Sahicoin raises $1.75m from investors – The Mobile Indian

Sahicoin, the world’s first native crypto social platform, raised $1.75 million in the latest funding round led by Alameda Ventures (FTX), Better Capital Ventures and other institutional investors. The company says the new round of funding will be rolled out to help grow the platform and scale the team across engineering and product.

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 more effective investment decisions. Sahicoin brings together crypto experts and new investors to share crypto updates, trends, insights, and smart signals.

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The current round has seen the participation of several founders, CXOs and angel investors, including CRED’s Kunal Shah, Indian cricketer Suresh Raina, YouTuber and Podcaster Ranveer Allahbadia, Naveen Kukreja – Paisabazaar, Aneesh Reddy – Capillary, Gyanesh Maheshwar – Coinbase, Prashan Agarwal – Gaana, Ariel Jalali – 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.

The Sahicoin app is available on Android and iOS, where users learn simplified crypto knowledge, track top performing portfolios, test investment strategies, and earn points and rewards. Current users and experts come from India, USA, Canada, UK, Singapore, UAE and 5 other countries.

Commenting on the development, Amit Nayak, co-founder and CEO of Sahicoin, said, “Since crypto is global in nature, our growth too is not limited to India. We plan to partner with key exchanges, DeFi and NFT players, which will accelerate the onboarding of the next billion users into the crypto ecosystem.”