CoinSwitch launches Web3 Discovery Fund

Aug 9, 2022 • Roshini Bains

The Indian cryptocurrency exchange operator’s Web3 Discovery Fund will target local entrepreneurs working on blockchain-infused technologies.

India-based cryptocurrency exchange operator CoinSwitch formed a corporate venture capital vehicle called Web3 Discovery Fund today.

The Web3 Discovery Fund seeks to invest in blockchain technology developers concentrating particularly on web3 startups in its home country. The fund will also be an AWS Activate Provider, enabling portfolio companies to receive Amazon Web Services credits, training and technical support.

With a $10m initial fund size, the Web3 Discovery…

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Roshini Bains

Roshini Bains is the junior news reporter for Global Corporate Venturing and Global University Venturing.

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