 "IBM, blockchains,insurance companies,Cateina ,FinTech Report 2017 ,ICICI Prudential, HDFC Life, SBI Life, IDBI Federal Life, India First Life, MultiChain, bankchain")
Blockchain start-up Polygon has raised $450 million (around Rs 3,400 crore) at a valuation of around $10 billion, making it the biggest funding round in the Web3 (crypto and blockchain) space in India, and one with the highest valuation.
The funding was raised through a private sale of its native MATIC token in a funding round led by Sequoia Capital India with participation from SoftBank, Tiger Global, and others.
Polygon is an Ethereum scaling platform that enables developers to build scalable DApps (decentralised apps) with low transaction fees without sacrificing on security. Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun co-founded
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