A leading Blockchain Technology Company Raising USD 6 Million

Posted On: 06 / Mar / 2023
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Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Computer Software / Engineering
Charge

Deal Status

Active

Deal Description

Hello there,

I have a mandate for raising USD 6 Million for a product company working in the Blcokchain technology space. The company has developed a hyper scalable, mining less Real time protocol. This platform is also the greenest platform wherein the system resources are as low as 50MB per node and costs work out to less than USD 6 per year per node. The company offers solutions in Customer Identity and Access Management, Open Banking, Open Commerce, Open Data for Education, Open Data for Healthcare and Open Data for Utlities.

The company has USD 18 Million worth contracts in hand with 1 contract with a South African country to implement their benefits program on the DLT Platform. These revenues will grow to USD 28.7 Million in FY2024 and USD 41 Million in FY2025. The company is also approved by RBI for its technology platform to be used in Account Aggregation. The company also works with the ONDC team across the nation.

The company has reversed merged with a NYSE listed company in Feb 2022. Right now, this company is raising USD 6 Million at USD 1 per share and would like to invite all the interested parties to be part of this growing enterprises.

No Files Attached

Deal Value
51 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed