CoinDCX reinforces its mission to grow the Web3 ecosystem in India

By Leandra Monteiro

CoinDCX, India’s largest crypto company, announced the launch of CoinDCX Ventures, an investment initiative funding early-stage crypto and blockchain start-ups, bolstering India’s digital asset ecosystem and accelerating the transformation of India’s digital economy. The new venture will serve to grow and strengthen the Web3 ecosystem in India and globally.

Built on top of CoinDCX’s ecosystem, CoinDCX Ventures has an unparalleled advantage over India’s leading crypto exchange, enabling it to establish and give portfolio companies a headstart for their journey in the Web3 ecosystem. With its deep understanding of the market, it is uniquely positioned to offer portfolio companies the insights, resources and guidance to grow alongside India’s rapidly growing digital asset industry.

Commemorating the milestone, Sumit Gupta, CoinDCX CEO and Co-Founder said, “CoinDCX Ventures marks yet another great milestone in the company’s already phenomenal 2022, and we are not even halfway through the year. This is an immense leap forward for CoinDCX as we continue to chart the way forward and shape the Web3 industry at large, placing India on the map as a global hub for crypto and blockchain innovation. Having worked closely with venture capitalists in the space, we understand the value and importance of such support, inspiring our move to contribute to the still-nascent industry as it cements its position in the future of finance and technology.”

CoinDCX has also appointed Rohit Jain as Senior Vice President and Head of Ventures and Investments. Rohit has been an entrepreneur and investor for most of his career. Most recently he was a partner at a growth stage fund and worked extensively in the digital ecosystem in India as an entrepreneur and operator as well.

Commenting on his appointment and the launch, Rohit said, “As a leader in India’s crypto ecosystem, CoinDCX Ventures is an essential next step underpinning CoinDCX’s mission to grow India’s Web3 capabilities. CoinDCX Ventures will be crucial in supporting our vision of building India’s Web3 ecosystem and further the march of emerging technologies in the nation and beyond. I’m thrilled to lead CoinDCX Ventures, bringing my wealth of knowledge across various industries and verticals to further CoinDCX’s mandate to cultivate a stronger crypto landscape.”