New Delhi, Aug 10 : India’s largest crypto investing application CoinSwitch has announced an Web3 Discovery Fund, which will invest in and help incubate startups at the beginning of their development creating blockchain-based solutions for the rapidly changing Web3 landscape. The Web3 Discovery Fund will curate portfolio startups and offer an easy access to marquee investment partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund and Elevation Capital (ex-SAIF partners) and the incubator partner Buidlers Tribe the company said in an announcement.
“The venture program is the result of our conviction that India will be the ideal launchpad for large-scale population Web3 projects.To achieve this dream of #MadeinIndia Web3 We must find and empower entrepreneurs and early-stage startups to harness the power of Crypto to address real-world challenges specific in India,” said Ashish Singhal Co-founder and CEO of CoinSwitch.
CoinSwitch Web3 Discovery Fund will also be an AWS Activate Provider.
The fund’s portfolio startups in the early stages are eligible to apply for AWS the Activate Portfolio program and benefit from AWS credits technical support, technical resources, training and more to help accelerate their growth.
Furthermore these portfolio companies will benefit from having access to CoinSwitch’s internal capabilities and ecosystem network, as well as an 18 million of its users and will be able to accelerate their product’s life-cycle strategy.
According to the firm, Web3 Discovery Fund will be a fervent investor and provide strategic assistance to accelerate the expansion of the portfolio companies.
Founders and builders can pitch at [email protected], the company said.
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