CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures

Indian crypto company CoinSwitch has launched a $10 million venture capital fund for investments in early-stage start-ups and building blockchain solutions.

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

“The venture program is a result of our firm belief that India will be the launchpad for population-scale Web3 projects. To realize this vision of #MadeinIndia Web3, we have to identify and enable entrepreneurs and early-stage startups," said Ashish Singhal, co-founder and chief executive