Pune Inc: How a bootstrapped startup is powering Web3 — the next revolutionary idea on the internet

Apart from Web3, which is the next revolutionary idea on the internet, Seracle has created a Blockchain-as-a-Service platform and offers “A Whitelabel Crypto exchange and other software solutions for businesses”. The company has more than 40 projects, focusing on North America, Europe and Asia. Among their past projects has been a healthcare blockchain for a Silicon Valley company. In India, Seracle’s recent projects revolve around Metaverse.

“If we see the current internet or information technology system, we notice that it doesn’t give you ownership of data. When you are on blockchain, however, you own the data and control access to that information. This ownership of data and immutability of data, which means that the data cannot be corrupted or faked, are the primary features of blockchain. Even a few government bodies in India are using blockchain,” says Bhalerao.

The new offering from Seracle marks a development from working only with large clients to including small-size individual developers who want to act in the Web3 space without having to set up an entire blockchain server and other expensive infrastructure on their own. “This is where we step in by offering our API at a reasonably lower rates per month for individual developers. There are a lot of people in the Web2 space interested in entering the Web3 space, but they have the hurdle of not having access to blockchain services, and that’s why we aim to solve it. Additionally, anyone can create their NFTs marketplace using our API,” says Bhalerao.

For all other products, Seracle’s average ticket size is $75000 per month, and they expect to onboard more than 10,000 developers. Set up in 2018, the company is presently bootstrapped. “We are building ourselves in such a way that all the turnkey products we have are accessible to developers or a larger audience by reducing the cost for them. That’s our focus for this quarter,” says Bhalerao.