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CoinSwitch launches corporate venture capital initiative, Web3 Discovery Fund

The Web3 Discovery Fund will invest in and incubate Indian startups and curate them for evaluation by marquee global investor.

Indian crypto trading aggregator CoinSwitch, announced the launch of its corporate venture capital initiative ‘Web3 Discovery Fund’. The fund plans on investing and incubating early-stage startups building blockchain solutions for the rapidly evolving Web3 landscape.

The company said in a release “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.”

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