Kandle
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Kandle.xyz was a Singapore-based crypto fantasy GameFi project founded by Jaideep Yadav. Its flagship product, Crypto Fantasy Leagues, let players choose crypto coins as battle tokens and face off against other players in portfolio-based battles, blending gamification with web3 and a planned Play-and-Win model. The platform attracted more than 80,000 players during its soft launch and beta, and raised a $1.7 million seed round led by Saama in 2023, with participation from PointOne Capital, Cloud Capital, Good Capital, Founder's Room, Seeders Fund and CoinDCX CEO Sumit Gupta.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Seed round
Kandle.xyz announced a $1.7 million seed round led by Saama to develop its Crypto Fantasy Leagues platform, reporting more than 80,000 players from its soft launch and beta phase.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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