Crypto startups in India – we have good news. The launch of a new crypto funding consortium – Genezis Network. Its vision is to generate and grow a network of individuals to invest and support startups from the crypto industry.
The cryptocurrency industry has a market capitalization of $550 billion. With NYSE’s parent company starting a cryptocurrency exchange to PayPal adopting Bitcoin to fund houses like Blackrock considering Bitcoin’s potential over Gold, the technology and the industry are clearly here to stay.
The team behind Genezis
Two key players in the crypto space, Mr Ajeet Khurana and Mr Pareen Lathia have taken the first steps towards supporting crypto startups in India, and have launched “Genezis Network”. They are making investments in early-stage crypto startups and are also working on problems with use cases.
Ajeet Khurana the former CEO Zebpay and a leading investor in the startup and crypto currency space in India, had this to say:
“We want to support crypto startups and help India grow its technological strength. We’re investing in these startups at an early stage. Looking forward to working with some great projects.”
The AVP-Marketing at India’s largest crypto exchange WazirX, Pareen Lathia, commented:
“A crypto project cannot survive without a solid marketing plan. Creating content that simplifies complex technology and acquiring distribution can be the key for a crypto project’s success. “We want to support crypto startups and help India grow it’s technological strength. We’re investing in these startups at an early stage. Looking forward to working with some great projects”.
Most startup investors and VC funds so far, have kept themselves away from cryptocurrency startups. As a result, many startups as well as founders of crypto have moved out of India. It’s about time the ecosystem worked to right this wrong.
Genezis Network has envisioned to create a network of individuals to invest and support startups from the crypto industry and they are also inviting startups to apply for funding via their website.