Bitget and Avalanche Bet Big on India’s Web3 Future

The collaboration will inject at least $10 million into India’s crypto ecosystem through a mix of grants, educational programs, and community events.

The effort is designed to fuel innovation in two of India’s major tech hubs: Delhi, the nation’s capital and largest city, and Bangalore, the epicenter of India’s startup and developer culture. The funding will support workshops, scholarships, hackathons, and micro-grants aimed at nurturing the country’s next wave of blockchain talent.

India’s appetite for crypto continues to grow at an impressive pace. According to data from CoinSwitch, 2024 saw a surge in investment activity, particularly in Delhi, Bengaluru, and Mumbai. Young adults between the ages of 18 and 35 dominate the space, making up nearly three-quarters of the investor base. While Bitcoin and Ethereum remain staples, memecoins like Dogecoin, Shiba Inu, and Pepe have captured widespread attention and capital.

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The timing of this initiative aligns with renewed interest from major global exchanges in the Indian market. Bybit officially resumed services in early 2025, having completed local registration, and Coinbase is reportedly in ongoing talks with Indian regulators to explore a return.

On a broader scale, India is seeking to solidify its role as a key technology partner to the United States. The two countries are working toward a bilateral trade agreement that could help India avoid punitive tariffs under the Trump administration and gain greater access to American tech exports.

According to Web3 investment firm Hashed Emergent, India is now home to 12% of the world’s Web3 developers and was responsible for 17% of all new developer entries into crypto in 2024. As this talent pool grows, partnerships like the one between Bitget and Avalanche could play a vital role in shaping the country’s future in decentralized technologies.

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