To facilitate adoption of Web 3 for Indian internet users to give them privacy and control over content
Aims to onboard 500K early adopters in the first year
Indian technology start-up, Myraah, has raised $350,000 as pre-seed funding led by CEO & Co-founder of Xceedance, entrepreneur and technology enthusiast Arun Balakrishnan; Gurgaon based angel investor’s Xcelerator Venture Partners and other angel investors. This fund will help Myraah build a Web 3 platform that allows anyone to create their Web 3 digital identity and manage their digital assets such as files, pictures, music, videos, notes, documents, NFTs, domains and websites.Web 3 is a new internet architecture, which is serverless, open and built around users' privacy and ownership. Myraah’ s Web 3 platform will allow netizens to establish ownership of content they create on the internet as well as monetize them. The company is already engaged with their 70,000+ user base to experience the Web 3 platform. The company plans to onboard five hundred thousand users within this year to subscribe to their Web 3 products and services.
Speaking about his investment in Myraah, entrepreneur and technology enthusiast Arun Balakrishnan said, “I have always taken keen interest in start-ups working with transformational technology. I believe Myraah’ s Web 3 platform has the potential to alter the internet space in India by giving users control over their content.”
Gaurav Kumar, Co-Founder & CEO, Myraah, said, “We thank our investors for showing confidence in our platform. The advent of Web 3 will usher a new era for over six hundred million internet users in India and we hope to onboard 500K early adopters in the first year.”
Currently, Myraah will offer the following Web 3 products and services - Web 3.0 Locker: a private and secure storage to store your files, pictures, videos and NFTs; Web 3.0 Thoughts: a private place to store your ideas, thoughts or secrets away from bots, AI or humans; Web 3.0 Website Builder: No Code tool enables anyone to create a Web 3 website in just a few clicks, without requiring any IT skills. These products have developed in-house by Myraah’ s team of developers and data scientists.
About Myraah
Myraah is a technology company that uses Artificial Intelligence (AI) to help SMEs, MSMEs, small business and professional practitioners create a digital identity in English and several Indian languages. Myraah is driving digital inclusion by helping small businesses in tier two cities and smaller towns modernize and have an impactful digital presence to better reach their customers in the local communities. Now Myraah is building a Web 3 platform, where anyone can create and manage their Web 3 digital identity and digital assets. Digital assets could include documents, websites, logos, domains, music, videos, artwork or NFTs.Myraah’ s services are currently available in English, Hindi, Marathi, Bangla, Gujarati, Kannada, Tamil, Telegu and Malayalam. Over 70 thousand entrepreneurs and businesses have already used Myraah to create and manage their digital presence. With a strong research mindset, Myraah aims to enable small businesses to create and manage digital identities in both Web 2.0 and futuristic Web 3.0. Myraah also partners with web developers and freelancers to provide them with the technology back bone to reduce their production time and increase efficiency.
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