Gurgaon Based blockchain startup Insino Ventures has raised an undisclosed amount of angle funding from a pool of HNIs. The company will use the funds for expanding to new geographies, strengthening its product and developing technology. It is also looking to invest in international market by the end of this year.
Insino Ventures is a blockchain and ecommerce startup headquartered in Gurgaon and Jaipur and founded by Animesh Joshi and Sanjay Goswami in 2018. Insino Ventures providing service in cutting edge technologies in Blockchain, Artificial Intelligence & Machine Learning to name a few. Having a great portfolio of clients including idea stage startups to well-established companies. It also have a dedicated product development team working on major flagship products, out of which one will be soon production ready and will go live by the end of this quarter.
Commenting on the fundraise, Animesh Joshi, the Co-founder of Insino Ventures said” We are grateful that the investors have shown interest in our dreams. We will work towards abridging our technology. The company aims to use the funds to invest in marketing and spread the company’s products abroad.This funding is a significant milestone in allowing us to expand the business, strengthen development and create value in the market with our features. We at Insino Ventures love technology and how the world is being made a better place to live via embedding tech into our daily lives, we are eager to see ourselves disrupting one industry at a time till we make a noticeable difference into common people’s lives,he added.
Talking about the investment Mr. Ashok Bhargava said “ We have full faith in the entire leadership of Animesh who got promising plans to get a bigger slice in the blockchain & ecommerce industry. We know Animesh from a long time and have seen him write code endlessly, we invested in the core team of Insino Ventures, in which we believe, that they will surely accomplish what they say – Disrupting Industries using Tech.
Insino Ventures is a blockchain and ecommerce based startup headquartered in Gurgaon and Jaipur and founded by Animesh Joshi and Sanjay Goswami in 2018. Insino Ventures provides service in cutting edge technologies in Blockchain, Artificial Intelligence & Machine Learning, Virtual realty .
Recent Activities in Blockchain Startups Space
This month, social networking giant Facebook made its first acquisition in the blockchain industry by acqui-hiring a 1-year-old blockchain startup Chainspace for undisclosed amount.
At the same time, Zebi, a Hyderabad-based blockchain company, has acquired Element42, a Bangalore based blockchain start-up.
In January, an another Gurgaon-based blockchain startup, StreamSource Technologies raised $1 million in seed funding from Accel India, which was Accel’s first local investment in the blockchain sector.
Recently, India’s first listed e-commerce firm Infibeam made announcement that it is investing about $35.25 million to build a back-end blockchain enabled fintech platform catering to BFSIs, SMBs, and corporates,