First-of-its-kind NFT startup Lysto on Thursday announced that it raised $3 million in seed round from BEENEXT, Better Capital, Cloud Capital and other investors, to democratise the global adoption of NFTs.
The round saw the participation of a stellar line-up of angel investors and entrepreneurs from the crypto and internet Industry, including Binny Bansal (co-founder, Flipkart), Sandeep Nailwal and Jaynti Kanani (co-founders, Polygon), Pradyumna Agarwal (Managing Director, Temasek), Nitish Mittersain (Founder, Nazara Technologies), Kunal Shah (founder, CRED), Ashish Hemrajani and Parikshit Dhar (co-founders, BookMyShow), Anupam Mittal (Shaadi.com), Ashish Gupta (founder, Helion Ventures), Kumar Sudarsan (founder, QwikCilver Solutions), among others.
According to the official statement, the fresh fund will be utilised in product development and will allow Lysto to invest in the expansion of its team that will help achieve its mission of furthering and simplifying the adoption of NFTs.
