Crypto exchange CoinDCX announces Rs 1 billion fund to invest in Web3 startups

Comparative news, according to BusinessLine,Indian cryptocurrency exchange CoinDCX launched its investment arm CoinDCX Ventures to invest 1 billion rupees (approximately $13 million) in early-stage cryptocurrency and blockchain startups over the next 12 months. The fund will focus on seed and Series A investments, but with flexible licensing. In terms of sectors, the fund will focus on five sectors: investment infrastructure, investment products (DeFi/CeFi), infrastructure layer development, development tools, and Web3 applications.