Kandola Network - Bharat Web3 Association

Industry Vertical

Data Management

Founder(s)/CEO

Siddharth Banerjee

Date of Establishment

12/14/2021

Bengaluru, Karnataka, India

Company Background

Kandola is a DePIN network building the first – Decentralised Database-as-a-Service platform. They are to databases what IPFS is to file storage.

A quick brief about Kandola

Launched in Q4 21

* 200+ companies building on Kandola Ecosystem.

* Raised pre-seed at $20 million valuation from marquee investors, both VCs and angels.Â

* 4 patents filed so far. 9 more in the pipeline.

* Highly experienced team of Ph.Ds, Masters and technocrats

* Public Test net launched in Dec 23

* Target mainnet data – Q2-24

Key Investors and Funding Raised

Alpha Wave Global, Arcanum Ventures, Gains Associates, Sandeep Nailwal are some of its investors. They have raised ~USD 670K in funding so far.

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