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CoinSwitch Launches Web3 Discovery Fund To Incubate Early-Age Startups

The startup claims the fund will provide strategic support to portfolio startups and help investor partners, including Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund, Elevation Capital (ex-SAIF partners), and incubation partner Buidlers Tribe to have single-window access

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CoinSwitch Launches Web3 Discovery Fund To Incubate Early-Age Startups
CoinSwitch Launches Web3 Discovery Fund To Incubate Early-Age Startups
CoinSwitch Launches Web3 Discovery Fund To Incubate Early-Age Startups
CoinSwitch Launches Web3 Discovery Fund To Incubate Early-Age Startups

Crypto investing app CoinSwitch on Tuesday announced the launch of Web3 Discovery Fund, the company’s corporate venture capital initiative. The fund will invest in and incubate early-stage start-ups building blockchain solutions for the Web3 landscape. 

The startup claims the fund will provide strategic support to portfolio startups and help investor partners, including Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund, Elevation Capital (ex-SAIF partners), and incubation partner Buidlers Tribe to have single-window access.


Co-founded by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari in 2017, CoinSwitch intends to simplify crypto. The startup is backed by Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital India, Ribbit Capital, Paradigm, and Coinbase Ventures.

Ashish Singhal, Co-founder and CEO, CoinSwitch, said, “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 to leverage the potential of crypto to solve real-world problems unique to India. That’s the raison d'être of the Web3 Discovery Fund. I'm absolutely thrilled to work with Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund, Elevation Capital, and Buidlers Tribe toward this mission."


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