India’s crypto industry attracts foreign funds, but local investors remain wary

Mumbai: Blue chip venture capital funds, known for making risky bets, are eager to invest in Indian crypto and blockchain startups, but say the uncertain policy environment is standing in their way.

In the meantime, international funds are scooping up early winners and reaping the benefits of startups founded by Indians in the blockchain ecosystem. Sequoia Capital India, Lightspeed India, Elevation Capital and others are warming up to India’s cryptocurrency and blockchain industry.