A16z Plans $500 Million Investment Round in India

2022-5-3 16:30

Andreessen Horowitz (a16z) has launched another round of investment in India, one year after co-leading a $260 million investment in crypto exchange CoinSwitch Kuber.

TechCrunch reported that the venture capital firm is planning to invest around $500 million in Indian startups. a16z currently focuses on technology startups ranging from seed rounds to late-stage.

Funding floods in for Indian Web3 startups

India has two crypto unicorns – CoinDCX and CoinSwitch Kuber. Recently, U.S.-listed Coinbase also expanded into the country with plans for further investments. 

Coinbase chief Brian Armstrong said: “Coinbase Ventures has already invested $150 million in home-grown Indian technology companies in the crypto and Web3 space, and is constantly identifying new opportunities to help Indian founders scale.”

Last month, India-based Ethereum Push Notification Service (EPNS) received $10 million in funding led by Jump Crypto, and participation from names like Tiger Global, Polygon Studios, and Sino Global Capital. Hashed and FTX Ventures have also funded startups in India recently, the report noted.

So far in the year, VC investments in crypto projects globally are estimated to be around $10 billion.

Meanwhile in India, a report by Bain & Co. said that the country’s VC funding peaked at $38.5 billion in the last year, recording almost 3.8 times growth over the year prior.

But lack of clarity threatens growth

But a lack of legislative clarity may harm India’s expected growth for the year. T. V. Mohandas Pai, Co-Founder, Chairman of Aarin Capital, and former CFO of Infosys, said in an interview with inc42 that India could grow more unicorns if it solved the structural issues in the country. 

He argued that India is exporting much of its crypto deep tech to Dubai.

Co-founders of India-based WazirX have reportedly moved to Dubai. Previously, Sandeep Nailwal, the co-founder of Polygon, along with his team moved to the city citing legislative hurdles to Web3 development in India.

Despite that, India is taking its time to draw a regulatory framework for running crypto businesses in the country. India’s finance minister said that the country will take a considerate approach that “can’t be rushed through.”

The post A16z Plans $500 Million Investment Round in India appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Intelligent Investment Chain (IIC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -79.71 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0001186 (-100%)

investment a16z india round million plans 500

Источник: beincrypto.com

investment a16z → Результатов: 28


How LayerZero Raised $135M In Investment From Sequoia, FTX Ventures And A16z

Per a Forbes report, LayerZero Labs recently completed a series A+ investment round. The company managed to attract the attention of major players in the crypto industry. Related Reading | Mobile Banking App Dave Secures $100 Million FTX Investment To Boost Crypto Presence The investment round raised $135 million and was led by FTX Ventures, […]

2022-3-31 00:00


Singapore’s Sovereign Wealth Fund Leads Digital Asset Bank Anchorage’s $80M Series C Round

Anchorage has raised $80 million in a Series C round led by Singapore’s sovereign wealth fund GIC with participation from a16z, Blockchain Capital, Lux, and Indico. “Largest sovereign wealth funds leading rounds in global crypto-asset custodians,” commented Su Zhu, chief executive officer, and chief investment officer at Three Arrows Capital.

2021-2-27 22:18


Andreessen Horowitz, A16z, Seeks $450 Million In Latest Crypto Funding: Report

Reports from the Financial Times confirmed that Andreessen Horowitz, the crypto-focused investment firm, is looking to raise additional funding of close to half a billion in this new round. The news comes at a time when the world’s economies are languishing in the Coronavirus epidemic and signals that investors are still willing to test the […]

2020-4-15 20:33


Фото:

Silicon Valley investment powerhouse Andreessen Horowitz (a16z) has launched a new $300 million fund focused on cryptocurrencies.

Famous crypto trader Brain Kelly along with Cardano co-founder Charles Hoskinsin expressed very bullish views on the bright future of cryptocurrencies. In a further push to bring some fresh optimism in the market surrounding cryptocurrencies, Silicon Valley’s one of the most prominent venture capital firm Andreessen Horowitz has finally announced the launch of its $300 million

2018-6-26 15:09


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BlackRock recommends 2% starting allocation to Bitcoin in investment portfolios

According to a paper released Dec. 12, BlackRock suggests that a 1% to 2% Bitcoin allocation in multi-asset portfolios matches the risk levels found in portfolios holding technology stocks. The asset manager, which oversees trillions of dollars, frames this range as a strategic starting point for investors seeking diverse sources of risk.

Crypto startups secure $691 million in venture capital during September

Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million into blockchain titles, marking a 32% monthly growth.

Is Bitcoin Mining Worth It?

Crypto Fundamentals: A quick guide on how to calculate your costs, ROI and potential profitability to see if Bitcoin mining is worth it for you. The post Is Bitcoin Mining Worth It? appeared first on CoinCentral.

VC funding for crypto startups soars to $634M in August

Venture capital (VC) funds invested $634 million in crypto startups in August — up 15% from July, based on DefiLlama data. Projects focusing on blockchain infrastructure secured nearly $460 million in funding, accounting for 72% of the total raised by crypto startups last month.