NFT startup Lysto raises $3 Mn in seed round

Bengaluru-based NFT startup Lysto has raised $3 million seed capital from BEENEXT, Better Capital and Cloud Capital.

Angel investors including Binny Bansal, Kunal Shah,  Ashish Hemrajani, Parikshit Dhar,  Anupam Mittal, Ashish Gupta and Kumar Sudarsan also took part in the round.

The newly raised fund will be used in product development and expansion of its team size.

The company builds APIs, Tools and Infrastructure to enable and distribute NFTs across e-commerce, entertainment, gaming, animation and other sectors with a few clicks or a few lines of code.

Founded in 2021, the blockchain-based startup aims to take NFTs to over 4 billion internet users through millions of use cases they are familiar with via thousands of everyday tech platforms they currently use.