About Arcana Network
Arcana Network is a company based in Bengaluru (India) founded in 2021 by Abhishek Chaudhary, Aravindh Kumar, and Mayur Relekar was acquired by Avail in August 2025. It operates as a Blockchain-as-a-Service. Arcana Network has raised $2.68 million across 3 funding rounds from investors including Republic, Avail and Digital Currency Group. Arcana Network offers products and services including Chain Abstraction, Wallet Auth, SendIt, and Token Staking V2. Arcana Network operates in a competitive market with competitors including Braavos, Trust Wallet, Argent, Leap Wallet and Bitski, among others.
- Headquarter Bengaluru, India
- Founders Abhishek Chaudhary, Aravindh Kumar, Mayur Relekar
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Arcana Technologies Ltd.
- Jurisdiction Pondicherry, Pondicherry, India
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Products & Services of Arcana Network
Arcana Network offers a comprehensive portfolio of products and services, including Chain Abstraction, Wallet Auth, SendIt, and Token Staking V2. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Chain abstraction solutions are provided for Web3 developers.
Wallet authentication services are offered for secure access.
SendIt service is designed for Web3 token transfers.
Token staking solutions are provided for user engagement.
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Creative and Marketing Team
2 people
Co Team
1 people
Leadership Team
1 people
COO Team
1 people
Brand Team
1 people
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Funding Insights of Arcana Network
Arcana Network has successfully raised a total of $2.68M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $1.01 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Token Sale — $1.0M
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First Round
First Round
(13 Jul 2021)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2024 | Amount | Token Sale - Arcana Network | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - Arcana Network | Valuation | Woodstock , Republic | |
| Jul, 2021 | Amount | Seed - Arcana Network | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Arcana Network
Arcana Network has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Republic, Avail and Digital Currency Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Woodstock is engaged in investing in Web 3.0 technologies.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in the US and UK
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Potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Arcana Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Arcana Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Arcana Network Comparisons
Competitors of Arcana Network
Arcana Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Braavos, Trust Wallet, Argent, Leap Wallet and Bitski, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Self-custodial mobile wallet for crypto and NFTs is provided.
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App-based wallet to send, receive and store digital assets
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Mobile wallet for cryptocurrency and NFTs is provided.
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Non-custodial wallet for cryptocurrencies and NFTs is offered online.
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A cold wallet for managing cryptocurrencies and collectibles is provided.
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Decentralized network is operated to connect wallets, apps, and users.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Arcana Network
Frequently Asked Questions about Arcana Network
When was Arcana Network founded?
Arcana Network was founded in 2021.
Where is Arcana Network located?
Arcana Network is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Arcana Network?
Mayur Relekar is the current CEO of Arcana Network. They have also founded this company.
Is Arcana Network a funded company?
Arcana Network is a funded company, having raised a total of $2.68M across 3 funding rounds to date. The company's 1st funding round was a Seed of $375K, raised on Jul 13, 2021.
What does Arcana Network do?
Arcana Network is engaged in providing Web3 technology solutions for developers and users. Services are offered in chain abstraction, wallet authentication, token staking, and transfer solutions. The company operates within the blockchain sector, aiming to simplify Web3 adoption. The team and technology have been migrated to the Avail Project as of August 2025 following an acquisition.
Who are the top competitors of Arcana Network?
Arcana Network's top competitors include Trust Wallet, Argent and Braavos.
What products or services does Arcana Network offer?
Arcana Network offers Chain Abstraction, Wallet Auth, SendIt, and Token Staking V2.
Who are Arcana Network's investors?
Arcana Network has 25 investors. Key investors include Republic, Avail, Digital Currency Group, Paradigm Shift Capital, and Woodstock.
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