WazirX co-founder raising up to $20 mn for new blockchain venture: Report

Crypto exchange WazirX’s co-founder Nischal Shetty is raising $17-$20 million for his new Blockchain-based venture called Shardeum.

According to sources, the funding will take the valuation of Shardeum, which Shetty is building with his US-based Co-founder and Blockchain architect Omar Syed, to nearly $200 million.

Shetty told IANS that the startup is raising seed funds, and will soon make it official once the round is completed.

“We’re thrilled to have support from some of the top investors who believe in our mission of making decentralisation accessible to everyone. Our funding round is currently ongoing, and we look forward to sharing more information on how we’re working to accelerate Web3 adoption in emerging economies like India,” Shetty said.