Startup Street | Web3 investments: Taking stock post onset of Crypto winter

In spite of the walloping the crypto space has faced in recent times, investment continues to flow in 

Arun Natarajan

Shri Siddharthan

September 15, 2022 / 10:25 AM IST

Mumbai-based Web3 companies topped the fundraising table in the post March period. (Representative image)

*** -Investment in crypto, aka Web3 startups, is alive and well in spite of the so-called crypto winter -New sub-sectors, such as cricket NFT Rario and ‘on-off ramp’ solution provider Zamp have seen sizable investments -Web3 companies based out of India’s financial capital Mumbai topped the fundraising table in the post March period -Investments have been shifting away from startups that are “Building for India” (i.e., targeting Indian crypto investors) to “Building from India”—targeting international users *** Retail investors who managed to escape the massive…