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Defy is building India's first social crypto exchange.
Basic Information
Defy, founded by Bhagaban Behera, Sriharsha Setty and Nakul Kelkar, aims to disrupt the cryptocurrency space in India with a social and community-based approach. People can use the social channel to interact and follow experts for investment strategies while also keeping track of their friends’ portfolios. Defy also aims to educate users with gamified content and social conversations around crypto. It will allow investors to follow other users and also replicate their portfolios.
Legal Name
:
Defy Club
Headquarters
:
Bangalore, Karnataka, India
Founding Date
:
2021
No. of Employees
:
11 to 20
Core Team
:
1.  
Bhagaban Behera
Co-Founder & CEO
2.  
Nakul Kelkar
Co-Founder & COO
3.  
Sriharsha Setty
Co-Founder & CTO
Funding

Total Funding

$5.5M

Investors
:
1.  
GMO Venture Partners
2.  
Better Capital
3.  
Goodwater Capital
4.  
Soma Capital

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Detail Round Breakdown
Round 1

$5.5M

Series Name
:
SEED
Date
:
19th Nov 2021
Investors
:
1.  
JAM Fund
2.  
Goodwater Capital
3.  
Goat Capital
4.  
Gemba Capital

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