Today: 8 October 2025
12 August 2022
1 min read

CoinSwitch sets up fund to back startups

CoinSwitch Web3 Discovery Fund will also be an AWS Activate Provider…reports Asian Lite News

India’s largest Crypto investing app CoinSwitch has announced a Web3 Discovery Fund, which 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 Buidlers Tribe, the company said in a statement.

“The venture programme is a result of our firm belief that India will be the launchpad for population-scale Web3 projects. To realise this vision of #MadeinIndia Web3, we have to identify and enable entrepreneurs and early-stage startups leveraging the potential of Crypto to solve real-world problems unique to India,” said Ashish Singhal, Co-founder and CEO, CoinSwitch.

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.

According to the company, Web3 Discovery Fund will be an active investor and provide strategic support for the rapid growth of the portfolio startups.

Founders and builders can pitch at ventures@coinswitch.co, the company said.

ALSO READ: Samsung India ready to welcome 5G

Previous Story

Olympic champion Eve Muirhead announces retirement 

Next Story

‘UK-UAE ties important for the world’

Latest from Business

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the
Go toTop

Don't Miss

FAWOW: Kerala’s Fashion Game-Changer

FAWOW surfaces as a precisely designed business-to-business app, exclusively catering

UAE seeks eco-savvy tech start-ups in new competition

The Ministry created the Make it in the Emirates Start-up