Crypto trading platform Carret raised an undisclosed amount from Sandeep Nailwa and others

August 12, 2022

Share via:

Crypto trading platform Carret raised an undisclosed amount of pre-seed funding from a clutch of investors, including Polygon cofounder Sandeep Nailwal, former BlackRock executive Yan Wu, and Amesten Capital.

Users of the cryptocurrency trading platform Carret can transact in more than 100 coins. 24Carret, the company’s flagship product, asserts to provide an annual percentage yield of up to 17%. (APY). Carret plans to use the investment to improve business processes and expand its product and strategy verticals. The money will also be used to extend the company’s presence outside of India and hire top talent from around the world. The funds will also be used to develop a secure app and to meet marketing needs.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Paytm’s key regulatory burden has been removed by the RBI’s digital lending standards

Next News

GoM to reportedly submit its report onGST levy rate on online gaming, casinos and horse racing

Editorial Team

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.