About Blockchain Technology sector in India
The Blockchain Technology sector in India comprises 2.57K companies, including 391 funded companies having collectively raised $1.63B in venture capital money and private equity. Out of these, 52 are Series A+ funded, and 3 have achieved unicorn status.
Blockchain Technology sector in India has seen 21 acquisitions and 1 IPO.
This sector includes companies building blockchain technology.
Blockchain Technology sector is also known as Web 3 Technology, Blockchain Ecosystem, Distributed Ledger Technology or Decentralized Technology.
Infrastructure to build Blockchain technology, Smart Contracts, Cryptocurrencies, Non Fungible Tokens, Blockchain Services are included in this sector.
Top Blockchain Technology Companies in India
There are 2,566 Blockchain Technology startups in India which include Hike, CoinSwitch, CoinDCX, Brahma, Mudrex. Out of these, 391 startups are funded, with 52 having secured Series A+ funding, and 3 achieving unicorn status.
2026 has seen the creation of 38 Blockchain Technology startups in India. Over the past 10 years, an average of 198 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, IIT Delhi and BITS Pilani.
Here is the list of top Blockchain Technology startups in India
1. Hike
Provider of blockchain based mobile gaming platform. The company is building Rush gaming universe mobile-only blockchain gaming platforms where players can use their skills to play, compete & win. Also, it offers a social platform for messaging, sharing, gaming, and crypto.
Key facts about Hike
- Founded Year: 2012
- Location: Delhi (India)
- Stage: Series D
- Total Funding till date: $261M
- Investors: Bharti SoftBank, Foxconn Electronics and 24 Others
- Latest Funding Round: Series D, May 06, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 77 Competitors
2. CoinSwitch
Broker-based online crypto trading and exchange platform. It enables users to buy, sell, and trade a wide range of digital assets using Indian Rupees. It aggregates liquidity from multiple crypto exchanges to present competitive real-time pricing and unified portfolio management. Its services include spot trading, futures contracts with leverage, systematic investment plans, and automated trading bots suited for both novice and advanced users. It provides secure infrastructure, encryption protocols, and proof-of-reserve practices to enhance fund safety. Trading tools include limit orders, charting interfaces through integrations, and API access for automation workflows.
Key facts about CoinSwitch
- Founded Year: 2017
- Location: Chennai (India)
- Stage: Series C
- Total Funding till date: $302M
- Investors: Tiger Global Management, Ribbit Capital and 13 Others
- Latest Funding Round: Series C, Oct 06, 2021, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 9 of 5,100 Competitors
3. CoinDCX
Cryptocurrency exchange and trading service provider. The platform enables users to buy, sell, and trade a broad range of digital assets using money with support for spot trading, margin and futures markets, and lending features. It offers fast KYC onboarding, seamless fiat conversion, and integrated products such as decentralized lending, staking, and an educational portal. Security protocols include proof-of-reserve audits and industry-standard infrastructure. The system delivers real-time analytics, trade automation tools, risk management dashboards, and multi-channel customer support.
Key facts about CoinDCX
- Founded Year: 2018
- Location: Mumbai (India)
- Stage: Series D
- Total Funding till date: $247M
- Investors: Polychain, Bain Capital Ventures and 32 Others
- Latest Funding Round: Series D, Oct 15, 2025, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 10 of 5,100 Competitors
4. Brahma
Blockchain-based network for Defi applications in the finance industry. It enables users to access risk-managed, cross-chain strategies for sustainable yield. It offers composability with multiple protocols across chains in a single flow to deliver a superior diversified yield.
Key facts about Brahma
- Founded Year: 2021
- Location: Delhi (India)
- Stage: Acquired
- Total Funding till date: $6.71M
- Investors: Framework Ventures, Greenfield Capital and 13 Others
- Latest Funding Round: Seed, Dec 09, 2023, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 2 of 415 Competitors
5. Mudrex
Provider of platform for cryptocurrency trading, futures, and curated baskets. The platform offers tools for buying and selling various cryptocurrencies. It facilitates trading in crypto futures contracts with access to trading pairs. The platform also provides curated crypto baskets for diversified investment.
Key facts about Mudrex
- Founded Year: 2018
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $22.2M
- Investors: Y Combinator, Nexus Venture Partners and 18 Others
- Latest Funding Round: Series A, Jul 20, 2022, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 1 of 1,012 Competitors
Companies founded year-on-year in the Blockchain Technology sector in India
38 new startups have been founded so far in 2026 in the Blockchain Technology sector in India. 542 Blockchain Technology startups in India were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 38 |
2025 | 41 |
2024 | 90 |
2023 | 160 |
2022 | 281 |
2021 | 542 |
2020 | 181 |
2019 | 154 |
2018 | 282 |
2017 | 217 |
Stage-wise distribution of Blockchain Technology sector companies in India
Out of the total 2,566 Blockchain Technology companies in India, 391 have secured funding. Among them, 52 have reached Series A or higher, and 27 to Series B or beyond.
Founded - 2,566
Funded - 391
Series A+ - 52
Series B+ - 27
Series C+ - 25
Company Stage | No. of companies |
|---|---|
Founded | 2,566 |
Funded | 391 |
Series A+ | 52 |
Series B+ | 27 |
Series C+ | 25 |
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Funding Trends in the Blockchain Technology sector in India
Total funding year-on-year in the Blockchain Technology sector in India
The Blockchain Technology sector in India saw a total funding of more than $1.34B in the last 10 years. The most amount of funding was in 2021 at more than $555M. There has been a total funding of $5.71M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $5.71M |
2025 | $31.7M |
2024 | $67.5M |
2023 | $65M |
2022 | $539M |
2021 | $555M |
2020 | $35.7M |
2019 | $9.31M |
2018 | $28.6M |
2017 | $2.21M |
Recent Funding Rounds in Blockchain Technology in India
In the year 2026, till June 2026, Blockchain Technology companies in India have raised $5.71M in equity funding across 5 rounds.
In the same period last year (i.e. till June 2025), Blockchain Technology companies in India had raised $7.99M across 9 rounds.
So, 2026 has seen a 28.55% drop in funding in Blockchain Technology companies in India as compared to 2025.
Here are some recent, important funding rounds in Blockchain Technology companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3406 | Jun 06, 2026 | ||
Seed | 2084 | May 07, 2026 | ||
Seed | 1503 | Apr 06, 2026 | - | |
Angel | 1347 | Mar 31, 2026 | ||
Seed | 6945 | Mar 19, 2026 |
Top Investors in Blockchain Technology in India
Sandeep Nailwal is the top investor in Blockchain Technology companies in India based on number of companies invested.
Here are some top investors in Blockchain Technology companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
- | ||
Menlo Park (United States) | ||
Palo Alto (United States) | ||
Port Blair (India) | - | |
Hong Kong (China) |
M&A activity in Blockchain Technology sector in India
In the year 2026, till March 2026, 1 acquisition happened in Blockchain Technology sector in India. Last year, in 2025, a total of 1 acquisition happened in Blockchain Technology sector in India.
Here are some recent, important acquisitions in Blockchain Technology sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 18, 2026 | ||
Business Acquisition | Aug 27, 2025 | ||
Business Acquisition | Nov 01, 2024 | ||
Business Acquisition | Nov 10, 2023 | ||
Business Acquisition | Feb 23, 2023 |
Acquisition trends in Blockchain Technology sector in India
Here are the acquisition trends in Blockchain Technology sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 1 |
2024 | 1 |
2023 | 3 |
2022 | 3 |
2021 | - |
2020 | 1 |
2019 | 5 |
2018 | 5 |
2017 | - |
IPOs in Blockchain Technology in India
In the year 1996, till March 1996, 1 IPO happened in Blockchain Technology sector in India.
Here are some recent, important IPOs in Blockchain Technology sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 18, 1996 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Blockchain Technology companies in India
Companies founded by alumni from top colleges in the Blockchain Technology in India
Most number of Blockchain Technology startups in India have been founded by alumni from IIT Bombay, IIT Delhi and BITS Pilani.
College | No. of companies |
|---|---|
IIT Bombay | 26 |
IIT Delhi | 25 |
BITS Pilani | 22 |
IIT Kharagpur | 19 |
IIT Kanpur | 14 |
IIT Roorkee | 8 |
IIM Ahmedabad | 6 |
IIT Guwahati | 6 |
Indian School of Business | 6 |
IIT Madras | 5 |
Total funding in Blockchain Technology companies founded by alumni from top colleges in India
In the last 10 years, IIT Bombay graduates' Blockchain Technology companies in India have raised the most funding among top colleges. Imperial College London alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
IIT Bombay | $280M |
Imperial College London | $261M |
IIT Delhi | $137M |
University of Pennsylvania | $121M |
Wharton School | $121M |
IIT Madras | $40.3M |
IIT Kharagpur | $32M |
IIT Kanpur | $29.3M |
Massachusetts Institute of Technology | $21M |
Stanford University | $13.9M |
Top News in Blockchain Technology in India
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WazirX Plans Maintenance, Crypto Transfers Unavailable for 4 HrsThe Crypto Times•May 20, 2026•WazirX
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WazirX launches futures trading with up to 100X leverage and lowest feesMoneycontrol•May 13, 2026•WazirX
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Starcoin enters non-binding memorandum of understanding with Marvel NiceStock Screener•Apr 01, 2026•Starcoin, Marvel Entertainment
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WazirX Obtains Singapore Court Approval for Restructuring, Partners with BitGo for Fund SecurityDeccan Herald•Oct 13, 2025•WazirX
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Spheron Taps Wire Blockchain to Bridge Compute Power and Interoperability for AI Apps
Blockchainreporter•Jul 17, 2025•Spheron, Blockchain
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