The cryptocurrency exchange Bitget plans to spend $10 million over the course of five years in Indian-based enterprises.
The statement from Nov. 7 states that during the BUIDL for Web3 multichain event in India, entrepreneurs will have the chance to pitch to Bitget and venture capitalists such as Sequoia Capital, Lightspeed Ventures, and Draper Labs.
“Bitget seeks to find worthwhile and exciting projects in the cryptocurrency space and offer them all-encompassing assistance, speeding up innovation in developing technologies,” the exchange states. Projects needing a minimal viable product and many levels of security functionality with transparent audits must be eligible.
India is “the most wanted place to invest in Asia,” according to Bitget‘s managing director Gracy Chen, who cites the country’s ongoing blockchain improvements and general attitude of entrepreneurship. Previous investments made by the exchange in Indian Web3 firms include the AI dermatology software Derma360, the AI resume generator HAIr, and the AI-based script generator Grease Pencil.
