Blockchain venture MarketOrders smashes Crowdcube target

MarketOrders, which taps blockchain tech to make the jewellery buying process more transparent, has exceeded a £400,000 crowdfunding target.

The startup, which launched in 2016 and has been self-funded to this point, has raised a total of £448,420 from 214 investors on Crowdcube and plans to use the cash to officially launch its platform.

Ram Krishnna Rao, Co-founder and CEO, MarketOrders, says: “Having worked on a number of jewellery ventures in the past, I feel confident that we’ve got a strong business model in MarketOrders. There was a clear gap in the market for an online marketplace that provides independents with superior buying benefits, and we’re excited to roll the platform out to more retailers and suppliers in the coming months.”