# Nischal Shetty

> Nischal Shetty is a seed investor at WazirX (Mumbai) backing Blockchain and Financial Services. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [WazirX](https://shizune.co/investors/profile/wazirx)
- Location: Mumbai, India
- Total investments: 10
- Last investment: Apr 2024
- Lead investor: 10%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/nischalshetty
- X (Twitter): http://twitter.com/NischalShetty
- Website: https://x.com/NischalShetty
- Facebook: http://www.facebook.com/nischal

Nischal Shetty is a seed investor at WazirX in Mumbai focused on Blockchain and Financial Services. Nischal Shetty is the Co-Founder and President of Shardeum. He previously worked at burrp! (network18) as a Software Developer. Nischal Shetty attended Visvesvaraya Technological University.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.6M–$5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 4 | 40% |
| Financial Services | 2 | 20% |
| Web3 | 1 | 10% |
| Gaming | 1 | 10% |
| Finance | 1 | 10% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 70% |
| Pre-Seed | 1 | 10% |
| Funding Round | 1 | 10% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 6 | 60% |
| Singapore | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Plena Finance | Plena Finance is a mobile application for cryptocurrencies and NFTs. It also offers lending, borrowing, liquidity pools, variable asset vaults, NFT marketplace, staking, and DeFi notification, as well as being interoperable and gasless, allowing users to manage and perform a wide range of financial transactions. | $5M | Seed | Apr 16, 2024 |  |
| TaxNodes | TaxNodes is a platform for crypto tax computation and ITR filing with expert assistance. | $1.6M | Seed | Jun 14, 2023 |  |
| Dapps | Dapps make it simple for web3 applications to integrate and communicate with one another on the blockchain, enabling you to easily attain the highest level of discoverability within and outside of the community. |  | Pre-Seed | Dec 23, 2022 |  |
| Plena Finance | Plena Finance is a mobile application for cryptocurrencies and NFTs. It also offers lending, borrowing, liquidity pools, variable asset vaults, NFT marketplace, staking, and DeFi notification, as well as being interoperable and gasless, allowing users to manage and perform a wide range of financial transactions. |  | Seed | May 15, 2022 |  |
| OneRare | OneRare is a food metaverse platform. OneRare features a unique Foodverse, divided over four areas namely Farm, Farmers Market, Kitchen, Playground. Players can explore the metaverse and discover ways to play, earn, collect, and battle. | $2M | Seed | Nov 17, 2021 |  |
| Arcana Network | Arcana is the Decentralized Storage Layer for Ethereum and EVM chains, with a Privacy Stack for Authentication, Identity and Access Control, Key Management, and End-to-End to encryption. With Arcana's Privacy stack, developers can build secure and privacy-preserving apps. | $2.3M |  | Oct 13, 2021 |  |
| Arcana Network | Arcana is the Decentralized Storage Layer for Ethereum and EVM chains, with a Privacy Stack for Authentication, Identity and Access Control, Key Management, and End-to-End to encryption. With Arcana's Privacy stack, developers can build secure and privacy-preserving apps. | $2.3M | Seed | Oct 13, 2021 |  |
| CropBytes | CropBytes is a play to earn metaverse game of farming, business, and strategy. | $2.7M | Seed | Aug 03, 2021 |  |
| Kudos Finance & Investments | Kudos Finance and Investments Pvt. Ltd. is a Non-Banking Financial Company (NBFC) formed with a goal to help finance small-scale urban businesses through the medium of unsecured loans. Their loan services include MSME Loans, Business Loans, Machinery Loans and Short Term Loans. Businesses viable to be financed by Kudos includes kirana/generalstore, garment shops, wholesaler, retailers, distributor, trader, salons, allied dairy, hotels & bakery, home-based enterprise, shops and others which are the drivers of economic growth. |  | Seed | Apr 06, 2021 |  |
| Wint Wealth | GrowFix offers high net-worth individuals and retail investors, asset-backed fixed income products that offer higher returns than fixed deposits. | $2M | Seed | Jan 28, 2021 |  |

10 of 10 investments shown.

## Co-investors
- [AU21 Capital](https://shizune.co/investors/profile/au21-capital) — VC Fund, 3 deals together
- [Arcanum Capital](https://shizune.co/investors/profile/arcanum-capital) — VC Fund, 2 deals together
- [Big Brain Holdings](https://shizune.co/investors/profile/big-brain-holdings) — VC Fund, 2 deals together
- [Exnetwork Capital](https://shizune.co/investors/profile/exnetwork-capital) — VC Fund, 2 deals together
- [Fenbushi Capital](https://shizune.co/investors/profile/fenbushi-capital) — VC Fund, 2 deals together
- [LD Capital](https://shizune.co/investors/profile/ld-capital) — VC Fund, 2 deals together

## About WazirX

VC Fund · Vashi, India

WazirX is India's leading cryptocurrency exchange. It has built the world's first auto-order matching fiat P2P exchange. And done millions in volume in P2P exchange alone. WazirX is expanding globally by bringing P2P solution for on-ramp and off-ramp of Fiat <> Crypto across the world.

4 contacts available at WazirX.

| Name | Title | Profile |
| --- | --- | --- |
| Nischal Shetty | Founder & CEO | https://shizune.co/investors/profile/nischal-shetty |
| Sameer Mhatre | Co-Founder | https://shizune.co/investors/profile/sameer-mhatre |
| Sandesh Suvarna | Vice President | https://shizune.co/investors/profile/sandesh-suvarna-2624 |
| Siddharth Menon | COO & Founder | https://shizune.co/investors/profile/siddharth-menon |

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## FAQ

### What does Nischal Shetty invest in?

Nischal Shetty invests primarily in Blockchain, Financial Services and Web3 startups, most often at Seed and Pre-Seed stage. Most of the 10 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Nischal Shetty's check size?

Nischal Shetty typically joins rounds of $1.6M–$5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Nischal Shetty participates in.

### When did Nischal Shetty last invest?

The most recent investment recorded for Nischal Shetty closed in Apr 2024. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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