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[Funding News] Unikon.ai Secures $2 Mn Seed Funding Round

By Team VS
New Update
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In its initial funding round, Unikon.ai has raised INR 16 Cr (approximately $2 Mn) from a variety of entrepreneurs and influencers.

Zerodha cofounder Nikhil Kamath, Vishesh Khurana of Shiprocket, Peyush Bansal of Lenskart, Dholakia Ventures, OfBusiness' Nitin Jain and Vasant Sridhar, and Gaurav Khatri of Noise participated in the fund-raising round.

Read also - Balwaan Krishi Raises Rs 40 Cr Series A Funding Round from JM Financial Private Equity

Unikon.ai is a social media and networking platform that utilises artificial intelligence (AI) to provide users with a personalized content feed and 1:1 conversations on a variety of topics.

Unikon.ai asserts that its AI feature assists users in organizing queries, webinars, and seminars to generate revenue, as well as in identifying the appropriate individuals for consultations. Unikon.ai allows users to manage the pricing and scheduling of one-on-one sessions through chat, audio, or video conversations.

The development follows a month after Anand established his venture studio, Wolfpack Labs, with a corpus of INR 50 Cr to support idea-stage and early-stage enterprises.
Unikon.ai has as its objective to address the deficiencies in the current knowledge-sharing market, which is presently dominated by market analysis and research firms. The venture intends to employ artificial intelligence (AI) to facilitate the connection between users and advisors for advice.

Aakash Anand, Unikon.ai, co-founder, said: "From my journey, I realized the immense value of meaningful connections and how they add value to an individual’s growth journey. By ensuring every piece of advice is compensated, Unikon.ai creates a thriving community where everyone benefits. It’s more than just a platform; it’s a movement towards better access and meaningful connections,”

About Unikon.ai

Founded in 2023 by Aakash Anand, Sumit Jha and Palash Arneja, Unikon.ai is a marketplace that facilitates networking between users, enabling them to engage in a wide range of personal and professional inquiries.

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Decentralized gaming network KGeN has Secured $10 Million in Funding

The new funding will help expand its platform, improve gamer rewards, and enhance data features. KGeN’s goal is to build a decentralized network where gamers can own and profit from their data.

By Ayushi Jain
New Update
Decentralized gaming network KGeN has Secured $10 Million in Funding

Kratos Gamer Network (KGeN), a decentralized gaming platform, has raised $10 million in funding led by Aptos Labs. Polygon and Game7 also participated in the round, increasing KGeN’s valuation to $500 million, up from $150 million in February 2023.

Kratos Gamer Network (KGeN), founded in early 2023 by Manish Agarwal, former CEO of Nazara Technologies, and Ishank Gupta, has raised $30 million so far.

Funding Utilisation

The new funding will help expand its platform, improve gamer rewards, and enhance data features. KGeN’s goal is to build a decentralized network where gamers can own and profit from their data. Agarwal described KGeN as a decentralized "Facebook" for gaming communities.

The company has attracted 10.8 million users, including 3.3 million monthly active players, from markets like India, Brazil, and Nigeria. It now plans to expand to emerging regions like the Middle East, focusing on high-value gamers.

Read also - Zepto has Secured Another $350 Mn From Domestic Investors

KGeN’s unique Proof of Gamer (POG) Engine collects gamer data and reputation, allowing players to create and monetize their profiles. This helps gaming companies lower customer acquisition costs by 30–60%, providing a cost-effective alternative to platforms like Meta and Google.

Future Plan of the Krato

As of October 2024, KGeN has an annual revenue of $12.1 million and expects to reach $25 million next year. The company works with over 180 gaming firms to help with user acquisition and improve returns on investment.

The recent funding shows strong investor confidence in KGeN's vision of a fairer, gamer-focused ecosystem. By combining Web2 and Web3 technologies KGeN is becoming a leader in the Web3 gaming industry, driving innovation and empowering gamers worldwide.

About Krato

Since 2022, Kratos Studios has been working to bring millions of micro-gaming communities from emerging markets to Web3, aiming to build the most powerful Proof of Gamer (POG) Engine and the Kratos Gaming Network (KGeN).

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.