Ending Soon! Save 33% on All Access

OneRare Raises $2 Million In Funding Round The fundraising round was led by key blockchain venture capitalists

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

OneRare

OneRare, the first-ever project to build a metaverse for food, gaming, and NFTs on the blockchain ecosystem, has raised $2 million in a funding round.

The fundraising round was led by key blockchain venture capitalists including Arkstream Capital, Momentum 6, StableNode, Exnetwork Capital, Enjinstarter, Everse Capital, Kangaroo Capital, Tag Ventures, Maven Capital, 1010 Capital, CSP DAO, Skyman Ventures, FF Ventures, ZBS Capital, and Lucid Blue Ventures.

The company's move to establish the next wave of the blockchain metaverse has not only attracted investors but also imminent angels including Nischal Shetty, founder at WazirX, SebastienBorget, co-founder of Sandbox, Sandeep Nailwal of Polygon, Ravindra Kumar, founder of Frontier, Edmond Truong, founder of Formation Fi and Tamar Menteshashvili from Solana.

Sharing her thoughts on the funding, Supreet Raju, co-founder, OneRare, said, "The blockchain industry is growing at a rapid pace, with more and more people around the world exploring Web3 applications. We are a critical point in the industry's evolution as global interest grows, and people look to engage in their first blockchain experience. The conversion of interest to interaction will determine the next wave of blockchain adoption."

We started building OneRare around the theme of food to celebrate global cuisines and give every user something familiar, something they can relate to. Food has no language and we feel proud to be the first team to bring food to the Metaverse, the world's first foodverse, the co-founder added.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Thought Leaders

Need More Confidence? These 10 Bestselling Books Will Help Improve Your Self-Esteem

Self-esteem can be hard to come by and even harder to maintain. To give yourself a boost, try these authors' words of wisdom.

Social Media

How TikTok Changed the Social Media Game With Its Unique Algorithm

Here's what makes TikTok's algorithm different from other social media platforms and how the algorithm led to the app's explosive growth.

News and Trends

Collective Artists Network Secures Investment from Nikhil Kamath

The investment is a secondary transaction, that is poised to open the road to a '5X' return, thanks to a strategic exit for InMobi's Glance, which had an investment in Collective dating back to 2021.

News and Trends

Soleos Solar Energy Secures INR 48.5 Cr Funding

This funding infusion will help the company in generating its working capital, global renewable energy portfolio development and establishing manufacturing facilities across the globe.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Growth Strategies

Green Hydrogen Adoption: Where Does India Stand?

The cost disparity poses a challenge to the widespread adoption of green hydrogen, especially in sectors where cost competitiveness is crucial.