Blockchain startup Kandola raises $450-K

Bengaluru-based blockchain startup Kandola has raised USD 450,000 in a pre-seed round from investors including Alpha Wave Global, Sandeep Nailwal (founder of Polygon), and Harsh Rawat (EPNS) among others. The funding round also witnessed participation from global blockchain investor Arcanum Capital. The new funds would be used to solidify underlying technologies through research and development, and for team expansion.