On Tuesday Unicorn Trading Platform CoinSwitch announced to 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 Venture program is the result of our firm belief that India will be the launchpad for population-scale Web3 projects.
To realize this vision of Made in India Web3, we need to identify entrepreneurs and early-stage startups and enable them to leverage the potential of crypto to solve real-world problems unique to India. I am absolutely thrilled to be working on this mission with Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund, Elevation Capital and Buddlers Tribe,” said Ashish Singhal, Co-Founder and CEO, CoinSwitch.