Venture capital (VC) interest in crypto and blockchain firms in India has risen after a lull caused by regulatory uncertainty. CoinDCX’s new funding round accounts for over half of the money spent on crypto firms this year, but industry executives said many more such deals are expected. Crypto exchanges are expected to raise more money. Top crypto exchanges are being courted by big VC firms, while there are many smaller firms looking for seed funding for decentralized applications and crypto-wallets. “VC interest was always there, even earlier since the Supreme Court ruling last year," said another senior industry executive.

Source: Mint August 10, 2021 18:55 UTC