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Blockchain Crypto Mining Startup ArGo Raises USD 1.3 Million in Seed Funding

ArGo is a blockchain-based, serverless app deployment platform that takes your web app to a decentralized hosting service.

Cryptocurrency, a term unheard of until a few years ago but has now taken the investment market by storm, owing to the mighty rise and dazzling shine of Bitcoin. With new cryptocurrencies hitting the market almost every other day, the crypto market is expanding by the second.

ArGo, a blockchain-based, serverless app deployment platform that takes your web app to a decentralized hosting service has just achieved this seemingly unthinkable feat. The VCs that have shown trust and belief in the ability of ArGo include Ascensive Assets (round leader), Alpha chain, Onchain Capital, Moon Whale, Master Ventures, X21 Digital, Seven X & Innovion. In terms of Angels, Aniket Jindal (Bioconomy), Mohak Agarwal (Claystack). Ajit Kumar Tripathi (AAVE), Prateek Jain (BlockOG Capital), Ravinder Kumar (Frontier), Tamar Menteshashvili (Solana Labs)& Siddharth Jain have stepped up for ArGo.

However, none of this could have been possible without the basic support that this start-up has been receiving from their initial funders Arweave and 1kx. Arweave and 1kx have been funding ArGo right from their start and continue to partner with them as they make their mark in the Crypto market.

The Crypto mining company that has its IP in Singapore due to lack of legal infrastructure in India, is set to target the global market. Speaking to Digpu News, the founders of the company said that funding will be used in three major fields:

Blockchain Crypto Mining Start-up ArGo Raises USD 1.3 Million in Seed Funding - Digpu Startup News
Blockchain Crypto Mining Startup ArGo Raises USD 1.3 Million in Seed Funding 3

Research and Development

Despite its steep rise, Cryptocurrency is still in the infancy stage of its life. ArGo plans to invest majorly in the Research and Development department in order to give itself the best shot in the market. R&D is important for all businesses because it provides powerful knowledge and insights, leads to improvements to existing processes where efficiency can be increased and costs reduced. It also allows businesses to develop new strategies to allow it to survive and thrive in competitive markets.

Marketing

Modern business has become more about marketing than anything else. Even if a company has a world-class product or service to offer but fails on the marketing front, its pretty much end of the day for it. The market is rife with such examples where poor or no marketing strategies led to the downfall of some companies that had good products and services in their armoury. Hence, marketing automatically becomes important for ArGo, particularly in India where the Crypto market is surrounded by a huge lack of information and uncertainty.

Giving Back to the Community

We live in a world where the effects of Global Warming and increasing carbon emissions can be seen in motion. ArGo plans to do its bit for the environment and the world while it makes inroads into the market. This area demands immediate attention from world finance and ArGo is not planning to hold back. At the same time, they plan to under CSR activities that help people from the less privileged economic bracket.

Cryptocurrency has not received the seal of approval from the government and the legal framework, making its future uncertain in many ways. At the same time, one must not forget that Crypto perfectly aligns with the ‘Digital India’ dream that the government of India is pursuing. If India wants to move to a completely secure and digital future where no currency and no cards will be used to make payments, Cryptocurrency is the way to go. With businesses in the US already starting to accept payments in Crypto, it won’t be too far-fetched to say that India is on the brink of approving this revolution. In other words, it perfect time for ArGo to raise the money and ramp up operations.

For more information, visit argoapp.live or follow their Twitter handle

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Digpu News Desk

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