Blockchain solutions provider TrayamBhu Tech Solutions raised ₹4.2 crore seed funding from US-based Octave Ventures and others announced on Tuesday.
TrayamBhu Tech Solutions, a provider of blockchain solutions, announced on Tuesday that it had raised 4.2 crore in seed funding from Octave Ventures and others in the United States. TRST01 is a multichain blockchain platform focused on Climate Tech, ESG, and Carbon Credits, with the goal of mapping the last mile of sustainable data on the Blockchain. Agriculture and food products have been added to the company's portfolio. The funds will be used to develop more blockchain products on climate technology, including ESG, carbon credit, and carbon asset tokenization, as well as to expand business operations in the United States and emerging markets, according to a release from the city-based startup. It is also aggressively hiring, with plans to expand the team by 50 people by the end of 2022, according to the startup. It currently employs 30 people.