Bitget & Avalanche Invest $10 Million to Fuel India’s Web3 Growth

Crypto exchange platforms Bitget and Avalanche are joining forces to invest at least $10 million in India’s burgeoning crypto ecosystem. This initiative will provide grants, educational programs, and community events aimed at fostering innovation in the country’s tech hubs. Bangalore and Delhi, key centers for development and startups, will be prime beneficiaries of these efforts, with funding supporting workshops, scholarships, hackathons, and micro-grants targeted at nurturing the next generation of blockchain talent. 2024 has witnessed an impressive surge in investment activity in India, particularly in popular cities like Delhi, Bengaluru, and Mumbai. Young adults, aged 18 to 35, are driving this growth, accounting for nearly three-quarters of the investor base. While Bitcoin and Ethereum remain staples, memecoins like Dogecoin, Shiba Inu, and Pepe have gained significant traction, demonstrating the growing diversity within India’s crypto landscape. Bitget and Avalanche’s investment aligns with a renewed interest from major global exchanges in the Indian market. Bybit returned to operations earlier in 2025 following local registration and Coinbase is rumored to be in discussions with Indian authorities regarding a potential reentry. This initiative coincides with the rising significance of India’s role as a key technology partner to the United States, which seeks a bilateral trade agreement that would help avoid punitive tariffs under the Trump administration and boost access to American tech exports. As per Web3 investment firm Hashed Emergent, India now boasts 12% of the world’s Web3 developers and accounted for 17% of all new developer entries into crypto in 2024. This influx of talent will be nurtured through partnerships like Bitget and Avalanche’s, which are poised to play a crucial role in shaping India’s future in decentralized technologies.