ChitMonks, the Hyderabad based blockchain startup with focus on the financial services industry, has raised $650,000 in pre-Series A funding round from Unicorn India Ventures. The funds raised by ChitMonks will be used for product development, market expansion, strategic hiring, and further investment in scaling up the current business. Unicorn India Ventures is an early-stage VC firm and this latest announcement is the second investment from its Rs 400 crore Fund II.

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