Flippy begins its operations in India

On Tuesday, a new-age social crypto discovery platform named Flippy, dedicated to the discovery, investment, entertainment, and diversification of digital assets announced the launch of its mobile app in India. In its latest Seed funding round, Flippy raised $1.15 million .This Seed funding round was led by Redstart Labs. Redstart Labs is a wholly-owned subsidiary of InfoEdge. Other than Restart Labs key investors including Entrepreneur First, Justin Caldbeck, Alex Lin, and Anirudh Rastogi also invested in the social crypto discovery platform. Flippy has been backed by a marquee investor- 7 Percent Ventures. It is an international fund that has invested in unicorns like Oculus VR (later sold to Facebook), SourceDNA (later bought by Apple), and Magic Pony technologies (subsequently sold to Twitter).

After the launch of the mobile app, Srinidhi Moodalagiri, Co-Founder of flippy, said, “The crypto space is a relatively new area with new technicalities and volatility leading to investor apprehension to enter the space. With flippy, we provide access to relatable thematic baskets, such as Metaverse, NFTs, Gaming allowing new and existing investors to discover, discuss, and diversify investments across themes without having to research each token individually.” The company further informed that the funds will be utilized to focus on building a team of junior and senior-level engineering talent in order to scale flippy’s operations. Other than this they will be used to fuel the user acquisition strategy and create content that will provide knowledge and make crypto accessible to all investors.