Indian Web3 Startups Raise $564 Million in 2024, Marking a Major Growth in Investment Activity
300+ Words Refined into 3 Facts by AI • 1 source • 4m ago
- In 2024, Indian Web3 startups raised $564 million, a significant increase from $270 million in the previous year.1
- India's developer community is projected to surpass the U.S. by 2028, with a 28% year-over-year increase in open-source developers.1
- The infrastructure sector in India's Web3 industry saw a growth of more than 200% in capital raised, focusing on AI and middleware projects.1
- Investment activity in the finance sector of India's Web3 industry surged by more than 50% to $86 million, marking the first increase since 2021.1
- In 2024, Indian Web3 startups raised $564 million, up from $270 million in 2023.
- India's developer community is projected to surpass the U.S. by 2028, with a 28% year-over-year increase in open-source developers.
- The infrastructure sector in India's Web3 industry saw a growth of more than 200% in capital raised, focusing on AI and middleware projects.
