Crypto exchange unicorn CoinDCX, launched CoinDCX Ventures on Tuesday to fund early-stage crypto and blockchain startups in India. It intends to invest INR 100 crore to accelerate Web3 ecosystems.
CoinDCX Ventures has already invested in companies such as Spheron, Taki, EPNS, Liminal, meta ENGINE, Router Protocol, and Syndr. The crypto exchange said in a statement that its investments in the segment include a wallet solution, cross chain bridge protocol, Web3 notification protocol, Web3 social engine, and distributed storage and computing protocol. To lead CoinDCX Ventures, the crypto unicorn has appointed Rohit Jain as senior VP and head of ventures. Prior to this, he worked for companies such as Myntra and McKinsey.