Sahicoin, a social platform for crypto users, raises $1.75 million in seed funding


Sahicoin, a social platform for crypto users, has raised $1.75 million in seed funding from Alameda Ventures (FTX), Better Capital, and other investors. The funding will be used to scale the engineering team, improve the product and grow the platform.

Several individuals 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, 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 also participated in this funding round.

The company was founded by IIT Kanpur alumni, Amit Nayak, Ankush Rajput, and Melbin Thomas back in August 2021. The platform aims to bring crypto experts and new investors together in one place.

Sahicoin Founders
Sahicoin Founders: From L-R- Ankush Rajput, Amit Nayak, Melbin Thomas

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.”

Sahicoin is a social platform where experts users share crypto-related content and users who are new to crypto gain some knowledge about smart crypto investment. Users also earn Sahi Points for sharing their knowledge with the community. The company claims that its current users and experts are from India, the US, Canada, the UK, Singapore, UAE, and 5 other countries.

Read: Cryptocurrency guides

The app is available for both Android and iOS. At this moment, the platform is using an invite-only model. If you are interested, you will have to request an invite from the official website.

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