How many total Blockchain Technology companies are there in India?

As of January 2026, India has 1569 active Blockchain Technology companies.

How many Blockchain Technology companies in India are funded?

As of January 2026, 379 companies have received funding in this sector.

What is the total funding raised by Blockchain Technology companies in India?

Blockchain Technology companies in India have collectively raised $1.67B in funding till date.

Which is the highest funded Blockchain Technology company in India?

As of January 2026, Polygon has raised $451M in funding, highest among the funded Blockchain Technology companies in India.

How many Blockchain Technology unicorns are there in India?

India has produced 2 unicorns in the Blockchain Technology sector till date.

Blockchain Technology in India - 2026 Market & Investments Trends

Q: Who are the top investors in Blockchain Technology companies in India?

The top investors in Blockchain Technology companies in India by number of investments are Lightspeed Venture Partners and Polygon.

Companies included in Blockchain Technology

Infrastructure to build Blockchain technology, Smart Contracts, Cryptocurrencies, Non Fungible Tokens, Blockchain Services

Key Metrics

Total Companies

2.39K

Top Companies

Polygon, Mudrex & more

Total Funding

$1.67B

Funded Companies

379

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

Also known as

Web 3 Technology or Blockchain Ecosystem

View complete details of this sector

There are more than 2.39K companies in Blockchain Technology in India. Polygon is the top Blockchain Technology company in India, ranked using Tracxn Score (what's this?).

Here are 5 of the top Blockchain Technology companies in India:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Polygon	Developer of scalable blockchain interoperability protocols	George Town (Cayman Islands)	2017	Series D	$451M
Mudrex	Platform for trading digital and crypto assets	Bengaluru (India)	2018	Series A	$22.2M
CoinDCX	Cryptocurrency exchange and trading service provider	Mumbai (India)	2018	Series D	$247M
CoinSwitch	Cryptocurrency exchange and trading service provider	Bengaluru (India)	2017	Series C	$302M
BitsCrunch	Blockchain infrastructure for NFT trading	Vellore (India)	2019	Series A	$6.75M

Get a longer list of companies

Companies founded year-on-year in the Blockchain Technology sector in India

530 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	-
2025	12
2024	67
2023	150
2022	263
2021	530
2020	175
2019	156
2018	273
2017	215

Stage-wise distribution of Blockchain Technology sector companies in India

Out of the total 2,393 Blockchain Technology companies in India, 379 have secured funding. Among them, 51 have reached Series A or higher, and 25 to Series B or beyond.

Founded - 2,393

Funded - 379

Series A+ - 51

Series B+ - 25

Series C+ - 23

Company Stage	No. of companies
Founded	2,393
Funded	379
Series A+	51
Series B+	25
Series C+	23

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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 $1.64B in the last 10 years. The most amount of funding was in 2022 at more than $858M.

Total Funding

Year	Total Funding
2025	$44M
2024	$57.6M
2023	$45.6M
2022	$858M
2021	$552M
2020	$35.7M
2019	$9.36M
2018	$36.2M
2017	$1.57M

Recent Funding Rounds in Blockchain Technology in India

In the year 2025, till December 2025, Blockchain Technology companies in India have raised $44M in equity funding across 16 rounds. In the same period last year (i.e. till November 2024), Blockchain Technology companies in India had raised $37.8M across 24 rounds. So, 2025 has seen a 16.48% rise in funding in Blockchain Technology companies in India as compared to 2024.

Here are some recent, important funding rounds in Blockchain Technology companies in India:

Company	Round Raised	Amount Raised	Funding Date	Investors
Speed	Series A	1769	Dec 16, 2025	Tether and 1 more
DSRV	Series B	2650	Oct 17, 2025	Han River Partners and 3 more
CoinDCX	Series D	8143	Oct 15, 2025	Coinbase
Yodaplus	Angel	2240	Sep 22, 2025	Ketan Thakkar and 1 more
Ecoratings	Seed	3842	Sep 01, 2025	Invstt

See a more detailed list of funding rounds

Lightspeed Venture Partners 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
Lightspeed Venture Partners	Menlo Park (United States)	Polygon, IndiGG, Brahma and Elemential
Polygon	George Town (Cayman Islands)	NFTically, Crypso, Davos and Airavat
Sandeep Nailwal	India	-
AZA Ventures	Port Blair (India)	-
Quadrilium Ventures	Chennai (India)	-

See a more detailed list of investors

In the year 2025, till August 2025, 1 acquisition happened in Blockchain Technology sector in India. Last year, in 2024, 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
Arcana	Business Acquisition	Aug 27, 2025	Avail
Llama	Business Acquisition	Nov 01, 2024	River
FlipItMoney	Business Acquisition	Nov 10, 2023	Delente Technologies
IndiGG	Business Acquisition	Feb 23, 2023	Kratos Studios
DeFi11	Acqui-Hired	Jan 25, 2023	Vulcan Forged

See a more detailed list of acquisitions

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	-
2025	1
2024	1
2023	3
2022	3
2021	-
2020	1
2019	4
2018	5
2017	-

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
Ecom Infotech	Mar 18, 1996	Bombay Stock Exchange (BSE)

See a more detailed list of IPOs

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, BITS Pilani and IIT Delhi.

College	No. of companies
IIT Bombay	30
BITS Pilani	27
IIT Delhi	27
IIT Kharagpur	23
IIT Kanpur	17
IIT Roorkee	10
IIM Calcutta	8
IIM Ahmedabad	7
Indian School of Business	7
IIT Guwahati	6

Total funding in Blockchain Technology companies founded by alumni from top colleges in India

In the last 10 years, IESE Business School graduates' Blockchain Technology companies in India have raised the most funding among top colleges. IIT Bombay alumni are second, and IIT Madras alumni are third.

College	Total Funding
IESE Business School	$451M
IIT Bombay	$287M
IIT Madras	$50.3M
IIT Kharagpur	$35.4M
BITS Pilani	$34.9M
IIT Kanpur	$29.3M
Massachusetts Institute of Technology	$21M
IIM Calcutta	$20.1M
IIT Delhi	$17.2M
Stanford University	$13.9M