VC interest in Indian crypto firms rising despite regulatory uncertainty

VC interest in Indian crypto firms rising despite regulatory uncertainty

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo

Venture capital (VC) interest in crypto and blockchain firms in India has risen after a lull caused by regulatory uncertainty. According to data from Delhi-based data intelligence platform VCC Edge, 13 deals worth more than $176.9 million have been completed in 2021, significantly more than the 10 deals worth over $44 million in the previous year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter