ZYBER 365 Joins India’s Unicorn Club with $100M Funding: Web3 AI Startup Set to Revolutionize Globalisation 3.0!

On July 25, 2023, ZYBER 365 Technologies, a web3 AI startup based in London and Ahmedabad, made headlines by announcing its unicorn status, becoming India’s 109th unicorn after securing $100 million in Series A funding. This funding round valued the startup at $1.2 billion.

The Series A investment was led by SRAM & MRAM Group, a UK-based conglomerate focused on cutting-edge technology and the sole investor in this round. Prior to this, ZYBER 365’s seed funding came from its founders and close associates.

ZYBER 365 Technologies Ltd. was founded by Pearl Kapur, the CEO, and Sunny Vaghela, the Chief Product Officer, on May 3, 2023, in London. Shortly after, an Indian subsidiary, Zyber 365 Technologies Private Limited, was officially registered in Punjab on July 20, 2023.

Although the company claims its Indian operations are headquartered in Ahmedabad, Gujarat, records from the Ministry of Corporate Affairs list the registered office in Hoshiarpur, Punjab.

The startup's focus lies in web3, AI, and cybersecurity, with an emphasis on Globalisation 3.0 and sustainability. While headquartered in London, ZYBER 365 is committed to establishing India as its primary operational hub.

Commenting on the recent funding, Kapur expressed pride in the company’s mission to build a revolutionary web3 AI ecosystem aimed at driving Globalisation 3.0. The capital will accelerate ZYBER 365’s growth and enable the company to create value for its clients.

Achieving unicorn status just three months after incorporation is undoubtedly remarkable. Indian web3 and crypto startups like CoinSwitch Kuber and CoinDCX also hold unicorn status, but their journeys have spanned over five years, marked by significant challenges. Similarly, 5ire, another blockchain unicorn backed by SRAM & MRAM Group, was founded in 2021 and reached unicorn status within a year.

In contrast, ZYBER 365’s future hinges on its upcoming product launches. So far, the company has not released any product, even in alpha or beta stages. The only development thus far has been the publication of a white paper.

Pearl Kapur, the founder, is also the director of three other companies: No Lines Retail Pvt Ltd, Billion Pay Technology Pvt Ltd, and Brock Pharmaceuticals Pvt Ltd.