Thursday, Mar 28 2024 | Time 18:31 Hrs(IST)
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Business Economy


CoinSwitch funds to catapult Indian startups

Bengaluru, Aug 9 (UNI) CoinSwitch, India’s largest Crypto investing app, has announced the launch of Web3 Discovery Fund, the company’s corporate venture capital initiative.
The fund will invest in and incubate early-stage startups building blockchain solutions for the rapidly evolving Web3 landscape.

The Web3 Discovery Fund will curate portfolio startups and provide single-window access to marquee investor partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund and Elevation Capital (ex-SAIF partners), and incubation partner Builders Tribe.

CoinSwitch Web3 Discovery Fund will also be an AWS Activate Provider. The fund’s early-stage portfolio startups can apply for AWS Activate Portfolio and receive AWS credits, technical support, training, resources, and more to accelerate their growth.
Further, the portfolio startups will also benefit from ready access to CoinSwitch’s in-house capabilities, ecosystem network and 18 million-strong user base, accelerating their product life-cycle strategy.

Web3 Discovery Fund will be an active investor and provide strategic support for the rapid growth of the portfolio startups.
Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and backed by blue chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital India, Ribbit Capital, Paradigm, and Coinbase Ventures, CoinSwitch is evolving into a wealth-tech destination for every Indian.
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