Social Crypto Discovery Platform Flippy Enters Indian Market – The Mobile Indian
Flippy, a new social crypto discovery platform dedicated to discovering, investing, entertaining and diversifying digital assets, today announced the launch of its mobile app in India. The company raised US$1.15 million in its funding round led by Redstart Labs, a wholly owned subsidiary of InfoEdge, and other key investors including Entrepreneur First, Justin Caldbeck, Alex Lin and Anirudh Rastogi .
The company was also backed by a renowned investor – 7 Percent Ventures, an international fund that invested in unicorns like Oculus VR (later sold to Facebook), SourceDNA (later acquired by Apple) and Magic Pony technologies ( subsequently sold to Twitter).
Flippy App Features
Flippy app is used by users on their waiting list and will soon be available on App Store and Google Play Store. The app helps you “discover the world of crypto, follow trusted connections, learn from the pros, and make responsible investments,” the company explains. Flippy allows users to invest through relevant thematic baskets, making diversification possible with just one click.
Users can access a range of informative content through this platform and view the investment portfolios of successful influencers in the crypto space. Flippy has partnered with leading crypto exchanges such as Bitbns, Crypto and Unocoin, and is in talks with CoinDCX, Zebpay, and WazirX to allow users to link their trading accounts and complete their investments from within the Flippy platform itself.
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“The funds will be used to focus on building a talented junior and senior level engineering team to scale flippy’s operations. The second goal is to form a user acquisition strategy and create content that will impart knowledge and make crypto accessible to all investors,” the company added.
“Flippy’s platform captures signals regarding Web3, crypto and decentralized asset adoption, making it easy for GenZ users to discover and understand upcoming Web3 assets from around the world. flippy’s form of actionable insights aligns well with the social trading behavior of its target audience of global GenZ users,” said Amit Behl of Redstart Labs.