Bengaluru-based Defy, founded by Bhagaban Behera, Sriharsha Setty, and Nakul Kelkar, today announced a $5.5 million worth seed round for the parent company, Y Combinator-backed Walrus. The round was led by Goat VC, JAM Fund, and Goodwater Capital.
Also participating in this round were Gemba Capital, Night Ventures, GMO Venture Partners, Uncommon Capital, Soma Capital, and Olive Tree Capital, in addition to existing investor Better Capital.
With the fresh funding, Defy plans to build a social crypto exchange/platform with a community-based approach and allow users to create profiles and share portfolios with friends and followers.
