Hyderabad-based TrayamBhu Tech Solutions Pvt. Limited, a blockchain solutions provider, on Tuesday announced that it has raised around ₹4.2 crore (approx in excess of half a million dollars) in seed round from US-based Octave Ventures and others.
“The newly-injected funds might be invested in creating newer Blockchain merchandise on local weather tech overlaying ESG, Carbon Credit score, and Tokenisation Carbon Property, and so forth, and in addition to develop enterprise operations within the USA and different rising markets shortly,” TrayamBhu (TRST01) stated in a launch.
Based in 2020 by Prabir Mishra, Suraj Teja, and Puru Modani, TRST01 is a multichain blockchain platform engaged on Local weather Tech, ESG, Carbon Credit mapping the final mile of sustainable information on the Blockchain. The corporate has launched portfolio of Agriculture and Meals merchandise.
TRST01 has developed a platform for prospecting Geographic Indicator (GI) product pigeon pea ( Tandur Dal) of Telangana State as a part of its Blockchain initiative. The blockchain utility for GIs brings worth for GIs by bettering communication with shoppers and facilitating the help of sustainability objectives.
“With our first tech funding in India, we’re excited to be part of TRST01’s journey and help them of their mission. India is rising as one of many world’s most revolutionary blockchain tech options suppliers,” stated Somya Chaudhary of Octave Ventures.
Commenting on the event Prabir Mishra, CEO, TRST01 stated, “Partnering with an skilled investor will assist us to drive our mission to result in the very best use of rising applied sciences to deal with business ache factors on belief, transparency, and traceability.”