Tuesday, October 3, 2023
HomeInsightFunding Alert Koinbasket raises $2 mn in pre-seed round

[Funding alert] Koinbasket raises $2 mn in pre-seed round


KoinBasket, a crypto investment startup has raised $2 million in its Pre-seed funding round from Sandeep Nailwal (Co-founder of Polygon), Omar Rahim (former Director at Binance), Navin Gupta (Managing Director, Ripple), Ajeet Khurana and Kube VC.

The startup plans to invest in technology with the aim of using the funds for the product and geographic expansion, enhancing customer experience, and hiring talent.

The Singapore-basedKoinbasket was founded in 2022 by Khaleelulla Baig, It empowers investors to buy and sell crypto baskets through their respective crypto exchange accounts.

The startup also curates a diverse crypto basket of topics, trends, and ideas for beginners and professionals alike.

“The crypto world is evolving rapidly and is in a near hyper-adoption phase with the crypto user base growing significantly with the potential to reach two billion users by 2030. We believe there is a strong need to fill the global vacuum of crypto mutual funds with thematic crypto baskets that are easy to understand and simple to invest in for retail investors”, said, Khaleelulla Baig, Cofounder and CEO of Koinbasket.

The deep integration with global crypto exchanges will help Koinbasket to provide well-researched and diversified crypto investment products to the 15 million users in its partner ecosystem, the company said in a statement.

“We are extremely bullish about Khaleelulla and are confident that the company will spearhead the next wave of disruption in the BFSI space. Looking at the sheer growth and potential in the crypto market, we believe KoinBasket has all the potential to be the go-to product for the next billion crypto investors”, said, Sandeep Nailwal, Co-Founder of Polygon.

About Koinbasket

They aim to accelerate mass adoption of crypto investing for the next billion users. At KoinBasket, they make crypto investments easy, simple and accessible for everyone. There are 300 million crypto investors globally and more than 10,000 projects available for them to invest in.

Each project has it’s their mission, roadmap, tokenomics, community and leadership – thus, planning and tracking of investments is a major pain! KoinBasket aims to solve this particular challenge and investors simply download the KoinBasket app and can select from a variety of curated theme-based baskets.

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