Our Journey To Instadapp

InstaDapp is a very talented team out of India looking to make decentralized finance more accessible. — Balaji Srinivasan, former CTO of Coinbase

This raise marks a key milestone in our journey in building and evangelizing fintech. Ever since we were in our teenage years, we have started participating in the Indian stock market and discussing finance on blogs and forums like Quora, generating millions of hits to date. We then went on to building software to simplify stock market investing and investing in crypto.

Eventually, we dropped out of school to become full-on “native defi”. A big reason was we realized that the traditional finance systems we were studying in school were slow to innovate, extremely restrictive, tightly controlled by financial giants, and bound by geographical constraints.

With DeFi though, we realized that we can not only participate, but also able to innovate globally from day one.

Ever since these realizations, we began shifting our efforts from traditional fintech and markets into the open world of decentralized finance. After participating and winning EthIndia one year ago, we received a grant from Kyber Network to start work on what will become Instadapp today.

Now 21 (Sowmay) and 19 (Samyak), we have been living and breathing crypto and DeFi for almost our entire formative lives, including accepting grants, doing payrolls and financing our expenses from ETH backed collateralized loans. We are grateful for the opportunity to build more innovative technology and evangelizing DeFi to bring the same benefits we experienced to the wider world.