Kuru

Kuru operates as a fully on-chain order book decentralized exchange (DEX) protocol, positioning itself to bridge the gap between centralized and decentralized trading platforms. The company was founded in 2024 by Vaibhav Prakash, who serves as CEO, and an individual known as 'fravashi' is also listed as a co-founder and CEO. Located in Bangalore Urban, India, the firm targets the blockchain and cryptocurrency markets, specifically within the Decentralized Finance (DeFi) sector.

The core of Kuru's business is its on-chain Central Limit Order Book (CLOB) protocol built on the Monad blockchain. This platform provides users with a single interface to research, find, and trade spot assets directly on-chain. A key feature is its hybrid model that blends the traditional CLOB architecture with an Automated Market Maker (AMM) system. This ensures that there is always liquidity to trade against, addressing a common pain point in the DEX space. The platform is designed to offer the benefits of self-custody and composability while minimizing slippage for traders. For market makers, Kuru's contracts are optimized for the Ethereum Virtual Machine (EVM), allowing for the placement and cancellation of limit orders at a low, constant gas cost, which encourages tighter spreads and deeper liquidity.

Kuru has secured significant financial backing to accelerate its development. The company raised $2 million in a seed round in July 2024, led by Electric Capital, with participation from CMS Holdings, BH Digital, and others. This was followed by a substantial Series A funding round of $11.6 million in July 2025, led by Paradigm. This capital is intended to further the development of its hybrid DEX platform. The company's business model is centered on facilitating trades and potentially launching new tokens on its exchange. Users can interact with the platform through Kuru Lite for simple swaps or Kuru Pro for more advanced trading functionalities.

Keywords: decentralized exchange, on-chain order book, CLOB protocol, cryptocurrency trading, DeFi, Monad blockchain, hybrid DEX, automated market maker, Vaibhav Prakash, spot asset trading, Electric Capital, Paradigm, crypto liquidity, EVM optimization, self-custody, limit orders, blockchain finance, crypto startup, Bangalore, digital assets