Early-stage investors still betting on Web3 solutions

Despite the bloodbath in the cryptocurrency market and scepticism around the utility of web3 solutions, early-stage founders from India in this sector continue to attract funding from investors.

Last week, CoinSwitch Kuber launched a $10-million Web3 Discovery Fund. It will cut checks between $25,000-$250,000 for services, products, and infrastructure startups in the sector, Ashish Singhal, cofounder and CEO of CoinSwitch Kuber, told ET.