About Kelp DAO
Kelp DAO is a company based in Bengaluru (India) founded in 2023 by Dheeraj Borra and Amitej Gajjala.. Kelp DAO offers products and services including Restake and Gain. Kelp DAO operates in a competitive market with competitors including CyberConnect, Lido, Stader, Kiln and RockX, among others.
- Headquarter Bengaluru, India
- Founders Dheeraj Borra, Amitej Gajjala
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kelp Dao
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$9 M (USD), Token Sale
May 23, 2024
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Investors
Bankless Ventures
& 11 more
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Employee Count
Employee Count
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Products & Services of Kelp DAO
Kelp DAO offers a comprehensive portfolio of products and services, including Restake and Gain. 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.
Platform for depositing ETH to earn rewards and points via DeFi.
Service for maximizing earnings through DeFi opportunities on multiple networks.
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Funding Insights of Kelp DAO
- Total Funding Total Funding
- Total Rounds 1
- Last Round Token Sale — $9.0M
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First Round
First Round
(23 May 2024)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Token Sale - Kelp DAO | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Kelp DAO
Kelp DAO has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Bankless Ventures, Hypersphere Capital and Draper Dragon. 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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Bankless Ventures is focused on investing in Web3 pioneers.
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Founded Year | Domain | Location | |
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Hypersphere Capital is focused on crypto-native investment opportunities.
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Founded Year | Domain | Location | |
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Early-stage centric VC firm funding companies in the US and China
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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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Founded Year | Domain | Location | |
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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 Kelp DAO
| 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 - Kelp DAO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Kelp Dao Comparisons
Competitors of Kelp DAO
Kelp DAO 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 CyberConnect, Lido, Stader, Kiln and RockX, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Web3 social network platform
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| domain | founded_year | HQ Location |
Non-custodial staking for Ethereum and other cryptocurrencies is facilitated.
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| domain | founded_year | HQ Location |
Staking solutions for cryptocurrencies are provided via an online platform.
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| domain | founded_year | HQ Location |
Provider of cryptocurrency staking solutions
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| domain | founded_year | HQ Location |
Digital staking solutions for cryptocurrencie
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| domain | founded_year | HQ Location |
Liquid staking protocol
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Kelp Dao
Frequently Asked Questions about Kelp DAO
When was Kelp DAO founded?
Kelp DAO was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Kelp DAO located?
Kelp DAO is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
What does Kelp DAO do?
DAO-based cryptocurrency staking platform. It offers liquid restaking services with rsETH. It allows users to access restaking rewards along with liquidity without any lock-up for restaked tokens. Users can restake digital assets, mint rsETH, and earn rewards through the liquid restaking dashboard.
Who are the top competitors of Kelp DAO?
Kelp DAO's top competitors include Lido, Kiln and EigenLayer.
What products or services does Kelp DAO offer?
Kelp DAO offers Restake and Gain.
Who are Kelp DAO's investors?
Kelp DAO has 12 investors. Key investors include Bankless Ventures, Hypersphere Capital, Draper Dragon, Digital Asset Capital Management, and Cypher Capital.
What is Kelp DAO's valuation?
The valuation of Kelp DAO is $90M as of May 2024.
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