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Former OKX CEO Jay Hao joins Indian blockchain startup CIFDAQ as co-founder

YourStoryYourStory · 1y ago
Former OKX CEO Jay Hao joins Indian blockchain startup CIFDAQ as co-founder
Medial

Jay Hao, former CEO of cryptocurrency exchange OKX, has joined Indian blockchain startup CIFDAQ as co-founder and global COO. CIFDAQ plans to launch a centralised crypto exchange and wallet next month, prioritising robust safety measures and cybersecurity. CIFDAQ aims to build a financially prudent ecosystem and differentiate itself through execution. Hao believes many exchanges rely too much on external funding, emphasising the importance of talent, execution, and frugality. CIFDAQ's growth strategy includes acquiring licences from various jurisdictions and incorporating gaming into its blockchain ecosystem. The company prioritizes profitability, sustainability, and long-term stability.

Consulting startup Kayess Square raises Rs 10 Cr in pre-Series A

EntrackrEntrackr · 1m ago
Consulting startup Kayess Square raises Rs 10 Cr in pre-Series A
Medial

Kayess Square, a finance, risk, governance, and transaction advisory firm, has raised Rs 10 crore in a pre-Series A funding round led by Vakil Housing, with participation from Parthasarathy NS, Ramakrishna, Umashankar, Raveen Sastry, Vadiraj Katti, Suresh Pillay, Anand Narayanan, and others. The proceeds will be used to strengthen its core practice areas and enhance the quality of its advisory services, the company said in a press release. Co-founded in 2017 by Sathya Pramod and Shivadutt Bannanje, the Bengaluru-based firm operates at the intersection of finance, governance, transactions, and law. Kayess Square provides CFO advisory, M&A and transaction advisory, due diligence, valuation, risk management, tax advisory, and secretarial services to enterprises across stages and sectors. It supports businesses from early institutionalisation and capital raising to scaling operations. The firm primarily works with startups, growth-stage companies, and investors, offering transaction and M&A advisory, due diligence, and strategic investment support. These services are complemented by a fractional CFO platform and expertise in tax structuring, valuation, corporate and secretarial compliance, risk advisory, and legal contract management. In 2025, Kayess Square acquired the tax compliance and tax advisory division of Consark Advisory Services LLP, strengthening its direct and indirect tax capabilities. According to its website, it has executed more than 4,000 projects and served over 100 clients. Going ahead, Kayess Square plans to attract top-tier talent, deepen domain expertise, and selectively expand into key business geographies. The company aims to build a scaled, institution-led advisory platform to support investors and businesses navigating growth, capital, and governance in an increasingly complex regulatory environment.

Vibe coding startup Emergent raises $70 Mn led by Khosla Ventures and SoftBank

EntrackrEntrackr · 18d ago
Vibe coding startup Emergent raises $70 Mn led by Khosla Ventures and SoftBank
Medial

AI software creation platform Emergent has raised $70 million in a Series B funding round led by Khosla Ventures and SoftBank Vision Fund 2, with participation from Prosus, Lightspeed, Together, and Y Combinator. With this round, the company has raised a total of $100 million within seven months of launch. The Series B comes less than three months after Emergent’s $23 million Series A round led by Lightspeed, underscoring the pace at which the company has scaled. The investment also marks SoftBank’s return to AI-focused investments in India. The fresh capital will be deployed towards team expansion, faster product development, and entry into new markets. As demand rises for AI-powered tools that simplify and accelerate software creation, Emergent is scaling its platform to support a growing global user base building and monetizing applications without traditional technical constraints. Founded in 2025 by former Dunzo co-founder Mukund Jha and his brother Madhav Jha, Emergent offers an AI-led platform that enables users to build full-stack, production-ready web and mobile applications using autonomous agents. The platform manages the entire development lifecycle, from design and testing to deployment and scaling, while also offering built-in monetization through integrated billing partners such as Stripe. Emergent claims to have scaled its annual recurring revenue from $100,000 at launch to $50 million within seven months. The company is targeting to cross $100 million in ARR by April 2026 and currently has more than 5 million users across over 190 countries, with adoption driven largely by entrepreneurs and small businesses building and launching commercial software products.

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