Ethereum expert Toshendra Sharma on entrepreneurship and ICOs in India

Ethereum expert Toshendra Sharma on entrepreneurship and ICOs in India

Blockchain ethereum ICO
September 10, 2017 by Hitesh Malviya
Toshendra Sharma on ICOs in India

Toshendra Sharma, a MTech graduate from IIT Bombay is well known among the Indian startup community as the founder of security startup Wegilant. As a single founder, Toshendra took the company through close to 5 financial years and 2 rounds of funding, before deciding to shut shop as the startup couldn’t raise further funds.

While for most, this would have been a gut wrenching experience, Toshendra chose to continue to pursue his a passion for cyber security. He now runs RecordsKeeper, a blockchain startup in the audit and verification of enterprise data and records. He’s resolute when he says, “I worked hard without looking here and there or mourning about my failure. I knew that it is a part of the package called entrepreneurship.”

Technology and Entrepreneurship

Toshendra had quite a late introduction to computers. It was only in his first year of college that he had regular access to one, but he quickly learned basic programming in C and jumped to other web technologies quickly. He says, “I’m from a small town from the north of India, and even did most of my schooling in Hindi medium. However, I’ve always been active in science exhibitions & robotics since childhood.”

His first startup was just after his undergrad. “I did my first startup Robosapiens Technologies, in 2009 & then subsequently started my in 2011 from IIT Bombay in Computer science. I specialized in application security. This is where I started Wegilant a Mobile Application Security company in 2011, whilst still a student from IITB.”

“My company Wegilant crashed in 2016 due to not able to raise a further round of venture capital. I quickly jumped into Blockchain technology to build the next solution (RecordsKeeper – Blockchain-based record keeping platform),” he added.

ICOs in India – what will work?

With the recent ban of ICOs in China, a lot more people have come to know about the concept. However, outside India, Toshendra sees a lot of interest and applications for ICOs. He says, “ICOs are very common outside India. I have helped quite a few corporations outside India in getting their ICOs done technologically in a technology consultant and advisor capacity.”

He believes that it is still very early days for ICOs in India. He says, “Not having very clear regulations around it I still believe there is a substantial risk in getting the ICOs done in India.” He has, however, helped an India based company through an ICO, which successfully raised 15000 Ether in 2 weeks long open contribution period.”

“I also strongly believe that if a project is based on Blockchain technology and solving a problem around Supply chain, Security, Integrity, Identity management, record keeping increases the chances to succeeding the ICOs,” he added.

Toshendra – The Blockchain whiz

Among the tech circles, Toshendra is known as an expert at building solutions using Ethereum. As a MTech from a premier institution in India, he credits his proficiency with the platform to his computer science education. He says, “ CS education helped me a lot in understanding & building application on top of Blockchain.”

While he was always inclined to technology from a very young age, Toshendra’s tryst with the Ethereum platform came at a quite an unlikely place. He says, “I had some spare AWS credit and I wanted to try and make some money off it. I tried my hand at ETH mining, but it gave me a good understanding of the platform and you could say that it, in a way, led to me building RecordsKeeper. But from there to here, I’ve built many Ethereum based applications including Asset tracking contract, Proof-of-existence, Self Mintable token, Asset tokens, Manageable Crowdsale etc.”

Toshendra is very passionate about teaching blockchain technology to as many people as he can. (Check out his course on As a certified blockchain expert, his single biggest advice to anyone with an interest in the Ethereum platform is simple – “You must first understand the Blockchain fundamentals very clearly.”

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