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Satvik Sethi, ex-global product lead of Web3 at Mastercard, has raised $1.1 million at a rumoured valuation of $15 million (Rs 113 crore) in pre-seed funding for his venture Offline Protocol from American investors. Sethi is also a two-time acquired founder in the social impact and consumer social space.
The funding for Offline Protocol was led by Portal Ventures with participation from Seed Club Ventures. Renowned angel investors such as Paul Taylor, Rahim Noorani and Rushi Manche (founder of Movement Labs) also joined the round.
Previously, Offline Protocol was backed by globally renowned accelerator Alliance, which, according to its website, invested $3,50,000 (around Rs 3 crore) in Offline Protocol and other companies in their batch.
<blockquote>We are thrilled to announce that Offline Protocol has raised $1.1 Million in pre-seed funding.
This round is led by Portal Ventures (<a href="https://twitter.com/PortalVentures?ref_src=twsrc%5Etfw">@PortalVentures</a>), with participation from Seed Club Ventures (<a href="https://twitter.com/seedclubvc?ref_src=twsrc%5Etfw">@seedclubvc</a>), and angels Paul Taylor (<a href="https://twitter.com/PaulTaylorVC?ref_src=twsrc%5Etfw">@PaulTaylorVC</a>), Rushi Manche (<a href="https://twitter.com/rushimanche?ref_src=twsrc%5Etfw">@rushimanche</a>),… <a href="https://t.co/DOxV3dWFfH">pic.twitter.com/DOxV3dWFfH</a>
— Offline Protocol (@OfflineProtocol) <a href="https://twitter.com/OfflineProtocol/status/1899898048588795972?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>ALSO READ: <a data-tb-shadow-region-link="0" data-tb-shadow-region-title="0" href="https://www.zeebiz.com/startups/news-msmes-need-to-be-integrated-into-larger-supply-chains-to-drive-real-competitiveness-achieve-7-8-growth-niti-aayog-vc-350013">MSMEs need to be integrated into larger supply chains to drive real competitiveness, achieve 7-8% growth: NITI Aayog VC</a>
<h2>What is Offline Protocol and what does it do?</h2>
Offline Protocol is a unique, decentralised software company created with the vision of bringing financial access, communication and privacy to the world.
Its proprietary solutions allow smartphones to create local mesh networks that can be utilised by individual consumers, retail and businesses across geographies to transact and communicate without the presence of internet or active telecommunication services.
Sethi’s vision for Offline Protocol is to create a connective “alternate-web” across all devices that do not have access to stable internet under different scenarios.
ALSO READ: <a href="https://www.zeebiz.com/startups/news-shark-tank-india-4-sees-rs-95-crore-in-investments-so-far-which-shark-rained-in-crores-which-startups-swam-away-with-cash-and-who-got-we-re-out-350758">Shark Tank India 4 sees Rs 95 crore in investments so far: Which shark rained crores, which startups swam away with cash, and who got 'we’re out'?</a>

Satvik Sethi, ex-global product lead of Web3 at Mastercard, has raised $1.1 million at a rumoured valuation of $15 million (Rs 113 crore) in pre-seed funding for his venture Offline Protocol from American investors. Sethi is also a two-time acquired founder in the social impact and consumer social space.The funding for Offline Protocol was led by Portal Ventures with participation from Seed Club Ventures. Renowned angel investors such as Paul Taylor, Rahim Noorani and Rushi Manche (founder of Movement Labs) also joined the round.Previously, Offline Protocol was backed by globally renowned accelerator Alliance, which, according to its website, invested $3,50,000 (around Rs 3 crore) in Offline Protocol and other companies in their batch.We are thrilled to announce that Offline Protocol has raised $1.1 Million in pre-seed funding.This round is led by Portal Ventures (@PortalVentures), with participation from Seed Club Ventures (@seedclubvc), and angels Paul Taylor (@PaulTaylorVC), Rushi Manche (@rushimanche),… pic.twitter.com/DOxV3dWFfH— Offline Protocol (@OfflineProtocol) March 12, 2025ALSO READ: MSMEs need to be integrated into larger supply chains to drive real competitiveness, achieve 7-8% growth: NITI Aayog VCWhat is Offline Protocol and what does it do?Offline Protocol is a unique, decentralised software company created with the vision of bringing financial access, communication and privacy to the world.Its proprietary solutions allow smartphones to create local mesh networks that can be utilised by individual consumers, retail and businesses across geographies to transact and communicate without the presence of internet or active telecommunication services.Sethi’s vision for Offline Protocol is to create a connective “alternate-web” across all devices that do not have access to stable internet under different scenarios.ALSO READ: Shark Tank India 4 sees Rs 95 crore in investments so far: Which shark rained crores, which startups swam away with cash, and who got 'we’re out'?

The funding for Offline Protocol was led by Portal Ventures with participation from Seed Club Ventures. Renowned angel investors such as Paul Taylor, Rahim Noorani and Rushi Manche (founder of Movement Labs) also joined the round.

Satvik Sethi’s Offline Protocol secures $1.1 million in pre-seed funding

news-offline-protocol-secures-11-million-in-pre-seed-funding-350883

Satvik Sethi, ex-global product lead of Web3 at Mastercard, has raised $1.1 million at a rumoured valuation of $15 million (Rs 113 crore) in pre-seed funding for his venture Offline Protocol from American investors. Sethi is also a two-time acquired founder in the social impact and consumer social space. The funding for Offline Protocol was led by Portal Ventures with participation from Seed Club Ventures. Renowned angel investors such as Paul Taylor, Rahim Noorani and Rushi Manche (founder of Movement Labs) also joined the round. Previously, Offline Protocol was backed by globally renowned accelerator Alliance, which, according to its website, invested $3,50,000 (around Rs 3 crore) in Offline Protocol and other companies in their batch. We are thrilled to announce that Offline Protocol has raised $1.1 Million in pre-seed funding. This round is led by Portal Ventures (@PortalVentures), with participation from Seed Club Ventures (@seedclubvc), and angels Paul Taylor (@PaulTaylorVC), Rushi Manche (@rushimanche),… pic.twitter.com/DOxV3dWFfH — Offline Protocol (@OfflineProtocol) March 12, 2025 ALSO READ: MSMEs need to be integrated into larger supply chains to drive real competitiveness, achieve 7-8% growth: NITI Aayog VC What is Offline Protocol and what does it do? Offline Protocol is a unique, decentralised software company created with the vision of bringing financial access, communication and privacy to the world. Its proprietary solutions allow smartphones to create local mesh networks that can be utilised by individual consumers, retail and businesses across geographies to transact and communicate without the presence of internet or active telecommunication services. Sethi’s vision for Offline Protocol is to create a connective “alternate-web” across all devices that do not have access to stable internet under different scenarios. ALSO READ: Shark Tank India 4 sees Rs 95 crore in investments so far: Which shark rained crores, which startups swam away with cash, and who got we’re out?