# Top 50 Web3 Startup Investors in India in October 2023

## Sandeep Nailwal
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 8
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Sandeep Nailwal is the Co-Founder of Polygon. He is a former Co-Founder and CEO of Scopeweaver. He attended the National Institute of Industrial Engineering.

## Better Capital
- Type: VC Fund
- Location: Santa Clara, California, United States
- Relevant deals: 8
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, Information Technology

Better is a micro venture firm that creates and invests in innovative business which deliver value & impact, and have a strong focus on profitability.
Better Labs is our operating portfolio of product businesses that we create and fund and includes ReadyContacts, PicBackMan, DataDoctor, Magik, Simple wall, and Maroun Place.

## Balaji Srinivasan
- Type: Angel
- Location: San Francisco Bay Area, California, United States
- Relevant deals: 6
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Software

Balaji S. Srinivasan is the Co-Founder and Board Member of Coin Center. He was the CTO of Coinbase and cofounder of Counsyl, Earn, Teleport, and Coin Center. He was previously CEO at Earn.com, which was recently sold to Coinbase. Prior to taking the CEO role at Earn.com, Dr. Srinivasan was a General Partner at Andreessen Horowitz. Prior to joininga16z, he was the cofounder and CTO of Founders Fund-backed Counsyl, where he won the Wall Street Journal Innovation Award for Medicine and was named to the MIT TR35. Dr. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University. He also teaches the occasional class at Stanford, including an online MOOC in 2013 which reached 250,000+ students worldwide.

## Jaynti Kanani
- Type: Angel
- Location: Bengaluru, Karnataka, India
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, Internet

Jaynti Kanani - Co-Founder @ Polygon

## AU21 Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 5
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

A fund dedicated to backing the most brilliant minds in the blockchain space

## Hashed
- Type: VC Fund
- Location: Seoul, Seoul-t'ukpyolsi, South Korea
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Hashed is a global, early stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency. Hashed is based in Seoul and San Francisco.

## Coinbase Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Coinbase Ventures is an investment arm of Coinbase that aims to invest in seed-stage cryptocurrency and blockchain startups. The company was founded in 2018 and is based in San Francisco, California, United States.

## Woodstock Fund
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Information Technology, Cryptocurrency

We are a Thesis and Research driven fund, investing in early and growth stage Web 3.0 startups.

## Ajeet Khurana
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Angel
- Focus: Blockchain, Internet, Information Technology

Ajeet Khurana is a leading name in the cryptocurrency industry. He is the former head of the Blockchain and Cryptocurrency Committee, which as part of IAMAI is India's foremost industry body for cryptocurrency.Presently, as an advisor to several crypto projects, he is seen as a specialist in:
* Tokenomics: pools, structure, architecture,flow, utility, value
* Market Mechanisms: market making, liquidity, listing, volume
In addition he helps with increasing adoption, communication, evangelizing, ambassador programs, and digital outreach. Some crypto founders regard Ajeet as their personal friend, philosopher, and guide.Earlier, in his role as CEO of Zebpay (India’s largest cryptocurrency exchange at that time), he took it from being a one-country exchange to a global exchange. As CEO of the business incubator at IIT Bombay (India’s premier engineering school), he helped commercialise several ideas from concept stage. As an advisor to Venture Capital firms in India, China, US, and Canada, he has an eye for promising founders.Still earlier, Ajeet has authored several books with McGrawHill Education, been an entrepreneur twice, and taught at the University of Texas at Austin.Here is how he characterizes himself:WHAT I HAVE ACHIEVED REPEATEDLY IN MY CAREER
Customer focus. Speed. Attracting and empowering the right people. Making hard decisions. Managing chaos and conflict. Smoothly navigating regulations & compliances. High governance standards. Cultivating relationships. Converting markets to communities. Negotiating deals. Continuous process and product improvement.WHAT I AM LOOKING FOR
A mandate that requires rapid growth and evolution. A role that requires backbone and heart. A non-bureaucratic system that expects a strong bias for action. An opportunity to learn, and create strong cultural underpinning.HOW I BUILD AND MANAGE TEAMS
Single minded focus on the customer. Choose people based on cultural fit and alignment of passion. Impart purpose. Select for potential, but advance for performance. Empower people to work. No busy work. No unending meetings. Don’t be hierarchy-minded. Encourage learning.

## ZBS CAPITAL
- Type: VC Fund
- Relevant deals: 4
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

## BEENEXT
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: Software, E-Commerce, FinTech

BEENEXT is a Venture Capital fund managed by serial entrepreneurs that focuses on assisting founders with its operational experience, network, trust, unique perspectives, and the capital. The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish aplatform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Since its establishment in 2015, the team has
invested in over 180 companies globally.

## Amrish Rau
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Payments

Amrish Rau is the CEO of Pine Labs.

## Nitish Mittersain
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 3
- Stages: Seed, Angel, Pre-Seed
- Focus: Internet, Financial Services, Blockchain

Nitish Mittersain is CEO & Founder of Nazara - a leading mobile games developer and publisher focused on the large mobile consumer base in India and emerging markets including the Middle East and Africa. In addition to developing a range of branded and original mobile games, Nazara operates unique services such as "Games Club" andalso serves as an exclusive distributor for key game developers such as Electronic Arts. Its customers include mobile carriers as well as handset manufacturers. Nazara also owns "Playcaso" - an iOs and Android developer/publisher brand, "nzLabs" - a work-for-hire apps studio & "gCity" - a social gaming platform.Nitish is also served as the Chairman of the Mobile Value Added Services Committee of the Indian Merchants Chambers - India's oldest business organization and has been widely recognized in the media for his contributions to the gaming and mobile vas industries in India

## Ganesh Swami
- Type: Angel
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, B2B, Developer Tools

Ganesh is the CEO & Co-founder of Covalent – a blockchain data analytics company. Covalent is bringing transparency and visibility to the blockchain space. Ganesh is a serial entrepreneur and has over a decade of experience in big data analytics. He started his career in building protein simulation algorithms to solve cancer.

## Cloud Capital
- Type: VC Fund
- Location: Delhi, Delhi, India
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Financial Services, Internet

Early-stage Venture Capital for the Cloud Economy

## Polychain
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committedto exceptional returns for investors through actively managed portfolios of these blockchain assets.

## LD Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 3
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Gaming

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

## Digital Currency Group
- Type: VC Fund
- Location: Stamford, Connecticut, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

We are the capital engine supporting emerging talent & crypto technology. On its mission to accelerate the development of a better financial system.

## 100X.VC
- Type: VC Fund
- Location: Mumbai, Maharashtra, India
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, Artificial Intelligence

100X.VC, a venture capital firm created a new model for funding early stage startups in India. 100X.VC is a SEBI Registered AIF.

## Ujjwal Sahay
- Type: Angel
- Location: Indore, Madhya Pradesh, India
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: FinTech, Blockchain, Cryptocurrency

Ujjwal Sahay is the Founder & CEO of Ment Tech Labs - An Enterprise Fintech Solution & Service Provider. Ujjwal backed Ment Tech Labs with $60,000 of seed round to start scaling the Fintech products globally which made Ment Tech Labs as the only complete Enterprise Fintech Solution & Service Provider.Ujjwal is a passionatetechnologist and successful startup executive with 5+ years of experience in Fintech Solutions Development, Engineering, and Marketing—focusing on lean methodology, design prototyping, mobile apps, SaaS platforms, and APIs. Ujjwal's leading advocated for customer-centric design, UX, and the thoughtful application of technological innovations. Ujjwal also led high-performing product launch, engineering, Dev-ops and QA teams—both on and off-shore.Fintech, Blockchain, Machine Learning & Cryptocurrency are few of his field of interest and expertise. Writing about the technology used to be his hobby always and this turned into a profession as well with two of his published books, Hack-X-Crypt and X-Shell.

## Lumikai
- Type: VC Fund
- Location: New Delhi, Delhi, India
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Gaming, Mobile Apps, Video Streaming

Lumikai curates and funds India's pioneering, lighthouse founders building the next wave of gaming & interactive media startups. 

## Sanjay Mehta
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Artificial Intelligence, FinTech, Information Technology

Sanjay Mehta is Member of the Board of Advisors at LogiNext Solution.

## Digital Finance Group (DFG)
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.

## Whiteboard Capital
- Type: VC Fund
- Location: Mumbai, Maharashtra, India
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Health Care, Internet, Financial Services

Whiteboard Capital is Mumbai based early stage investment firm.

## FTX Ventures
- Type: VC Fund
- Location: Nassau, New Providence, Bahamas
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Software

For builders, by builders. We back great teams building great products.

## shl.vc
- Type: VC Fund
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: SaaS, Software, Recruiting

Investing over $10 million a year into early-stage technology startups, mostly via $100K-$250K checks.

## John Lilic
- Type: Angel
- Location: Zug, Zug, Switzerland
- Relevant deals: 2
- Stages: Seed, Angel, Series A
- Focus: Blockchain, Software, Internet

John Lilic is an early Bitcoin and Ethereum adopter and an early ConsenSys employee who spent six years with the company helping it grow to an international leader in the blockchain ecosystem. He is now running his own dedicated family office out of Switzerland while also serving as an investor and product development advisor at Polygon. John isalso a co-founder and treasurer at Code to Inspire, a 501c3 non profit dedicated to teaching Afghan girls how to code.

## Gossamer Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Internet

Gossamer is an early stage venture capital firm investing in startups that are building the future of dApps, DeFi, NFTs and the Metaverse.

## Jitendra Gupta
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 2
- Stages: Seed, Series A, Angel
- Focus: Financial Services, FinTech, Payments

Jitendra Gupta is the Founder of Jupiter.

## 100x Entrepreneur
- Type: VC Fund
- Location: Delhi, Delhi, India
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, B2B

A SaaS fund and founder-focused podcast with a goal to make our startups shine bright.

## Hesham Zreik
- Type: Angel
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, Software, Internet

Hesham has been ranked #39 out of top 50 investors (Forbes 2018) based on investment and successful exits. Hesham has invested in +100 startups. He has co-founded more than 40 startups. He has a passion for building innovative start-ups around the principle of developing simple solutions to challenging problems. He is multilingual and can speak,read and write Arabic, English, French. He has also some good knowledge in German and Spanish.
Hesham is a founder and CEO of FasterCapital. FasterCapital is an online incubator who has border-less reach. Hesham has already co-founded (as a technical cofounder) and invested as an angel investor in more than 40 startups and has helped expand FasterCapital to have more than 1000 regional partners, a network of 1000 mentors, +500 offices worldwide and more than 400 startups. Hesham has invested and helped improve and refine the product in each of the 40 incubated startups.
During his work at FasterCapital, Hesham has co-founded:
- co-founded Edunoor.com: online learning platform with social components.
- invested in Dooet.com: a discovery and search engine for mobile applications and other content.
- invested in Letuscloud.com: Bridging the gap between enterprises and virualization
- invested in abcmob.com: Mobile business application. 18 sectors already covered.
- invested in Mobayle.com: an instant AppStore creator and customizer
- invested in Meody.com: Cross platform messenger with focus on enterprises and operators.
- invested in TVlize.com: a platform for social and engaging TV
- He also cofounded and invested in Nakkeb.com, BeamGift.com, PickTaxi.com, MobAdv.com, Bazarmaker.com, puttag.com, fulhost.com, Entablet.com, PinProfile.com, mp3ready.com, BookThatbook.com Newsanalyse.com, B2Butterfly.com and many more. He is also a mentor for more than 50 companies. Hesham started his first company ZGroup Mobile in 2002 with less than $20/month and grow it to reach a valuation of $2.5-$3.25 million in 2005 by Public company Incagold plc (it would have been the first company in MENA region to be acquired by a public company). ZGroup Mobile is a developer and publisher of mobile content (mobile games, mobile apps, mobile music, mobile videos) and services. He has been ranked 7th in Baccalaureate tests among 200,000th participants. He has completed his engineering degree at HIAST then he has done an MBA at Edinburgh business school and a Master in computer information science at AABFS.

## Sumit Gupta
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Apps, Internet

Sumit Gupta is a Co-Founder and Chief Executive Officer at CoinDCX.

## Republic Crypto
- Type: VC Fund
- Location: New City, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Apps, Cryptocurrency

With Republic Crypto, startups can fundraise and finance their coin offerings from pre-sale to launch while complying with all SEC requirements.

## Nischal Shetty
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Financial Services, Gaming

Nischal Shetty is the Founder and CEO at WazirX and Crowdfire.

## Flucas Ventures
- Type: VC Fund
- Location: West Palm Beach, Florida, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

Flucas Ventures is a venture capital investor.

## Goodwater Capital
- Type: VC Fund
- Location: Burlingame, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, E-Commerce

Goodwater empowers exceptional entrepreneurs everywhere to change the world for the better. They believe consumer technology is a force on earth, shaping culture and transforming the global economy at unprecedented speed and scale. They invest in promising entrepreneurs to solve pressing problems. As a combined force, Goodwater companies are aglobal force for change, poised to measurably improve billions of lives.

## Fenbushi Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia. Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance,healthcare, supply chain, and consumer goods. Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

## Kunal Shah
- Type: Angel
- Location: Bengaluru, Karnataka, India
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Internet

Kunal Shah

## Anupam Mittal
- Type: Angel
- Location: Mumbai, Maharashtra, India
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Internet, Financial Services

Anupam started his entrepreneurial journey by founding People Group - A New Media & Entertainment group, which includes businesses such as Shaadi.com, Makaan.com, Mauj Mobile, and People Pictures. Today the group is recognized as one of the most innovative enterprises in the country. Besides his operational roles, Anupam is also one ofIndia's most active angel investors.He attended Boston College.

## Ajay Gupta
- Type: Angel
- Location: New Delhi, Delhi, India
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Fashion, E-Commerce

Ajay Gupta - Vice President and Head of Strategy and Marketing @ Ericsson

## Singapore Angel Network
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Angel, Series A
- Focus: E-Commerce, Software, Health Care

SGAN is an early stage VC anchored by the multi billion dollar Thakral Group of Companies and has investments across India, Singapore and the USA.

## Krafton
- Type: VC Fund
- Location: Seongnam, Kyonggi-do, South Korea
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Gaming, Apps, Software

Create the original. Connect the world.

## Kane & Rao Group
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Seed, Private Equity
- Focus: Blockchain, FinTech, Cryptocurrency

Kane & Rao Group is a holding company investing in the Web3, Venture Capital and Private Equity space. 
Our global resources in recruiting, finance and accounting, sales and operations are made available to any team we work with.

https://www.kanerao.com/investment-philosophy

info@kanerao.com

## Tykhe Block Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Blockchain, Cryptocurrency, Internet

At Tykhe Block Ventures, we lead seed rounds into bold ventures and hold liquid investments within the blockchain sector with a focus on decentralisation technologies, digital assets and their key enabling infrastructure.

## Kube VC
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

Kube VC is a global venture capital firm that invests in exceptional founders and category-defining companies.

## Hiro Capital
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Gaming, Video Games, Software

Founded by Luke Alvarez, Ian Livingstone and Cherry Freeman, Hiro Capital is a Luxembourg/London technology Venture Capital fund which invests in European and UK innovators in Games, Esports and Digital Sports.

## IndiGG
- Type: VC Fund
- Relevant deals: 2

IndiGG is an NFT based play-to-earn game in the web3 frontier. IndiGG is the India sub-decentralized autonomous organization(subDAO) of YGG.

## Polygon
- Type: VC Fund
- Location: Bengaluru, Karnataka, India
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, Gaming

Polygon is the most proven way to build and scale your decentralized application and projects on Ethereum, the world's largest blockchain ecosystem.

## Chiratae Ventures
- Type: VC Fund
- Location: Bangalore, Karnataka, India
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Health Care

IDG Ventures India is a leading technology venture capital fund in India. The fund is part of IDG Ventures, a global network of technology venture funds with over $6 billion under management with over 220 investee companies and 10 offices across Asia and North America. IDG Ventures has been an investor in companies including Funzio, Ctrip, Tencent,Baidu, Netscape, BabyCenter, Sohu, Vancl and VinaGame. In India, IDG Ventures has invested in companies such as Flipkart, Myntra, Yatra, Newgen, Brainbees (FirstCry.com), Vserv, Manthan Software, Valyoo (Lenskart.com), Actoserba (Zivame.com), NestAway and Hiree. More information about IDG Ventures is available at www.idgvcindia.com

## Aniket Jindal
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Information Technology, Financial Services

Aniket is the co-founder and COO of Biconomy. He is a seasoned professional with diversified work experience in marketing, investments, and operations. Known for his versatility and flexibility, Aniket is currently leading operations at biconomy.

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