About Web 3.0 sector in India
The Web 3.0 sector in India comprises 1.29K companies, including 262 funded companies having collectively raised $1B in venture capital money and private equity. Out of these, 31 are Series A+ funded, and 1 has achieved unicorn status.
Web 3.0 sector in India has seen 11 acquisitions.
This sector includes companies that have websites and applications whose data are stored and interconnected in a decentralized way instead of storing in centralized repositories owned and operated by a single corporate/company.
Web 3.0 sector is also known as Web 3.0 Solutions, Advanced Web 3.0 or Digital Web 3.0.
Companies that are providing infrastructure for blockchain and smart contracts developments. The feed also includes companies that are providing decentralized web 3.0 applications for enterprises, the entertainment industry, individuals, or decentralized web 3.0 applications offering financial services for individuals or businesses. The feed exclude companies that are providing Web 2.0 and Web 1.0 applications, and blockchain/crypto-based financial services which are owned and operated by a corporate or a central authority.
Top Web 3.0 Companies in India
There are 1,290 Web 3.0 startups in India which include Hike, KGeN, Brahma, Eka Care, Spydra. Out of these, 262 startups are funded, with 31 having secured Series A+ funding, and 1 achieving unicorn status.
2026 has seen the creation of 47 Web 3.0 startups in India. Over the past 10 years, an average of 108 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 Web 3.0 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 78 Competitors
2. KGeN
Operator of verified distribution protocol for AI gaming and DeFi users. The platform builds user identities and reputations through on-chain verification, gamified quests, and community engagement to enable targeted user acquisition, retention, and rewards. It supports AI training data labeling, model evaluation, loyalty programs, and e-commerce via the Proof of Gamer (PoG) engine. Users earn rKGEN tokens, participate in clans, and access leaderboards while businesses leverage verified user data for campaigns. The ecosystem focuses on real-user interactions across emerging markets.
Key facts about KGeN
3. 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?
4. Eka Care
Developer of digital health software for clinical documentation and management. This platform provides tools for voice-to-text medical transcription, electronic health record maintenance, and clinical decision support. It enables practitioners to generate structured prescriptions, manage patient queues, and facilitate secure data exchange through interoperable health networks. The system integrates with existing hospital information systems to assist with patient verification and record sharing.
Key facts about Eka Care
- Founded Year: 2020
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $19.5M
- Investors: Hummingbird Ventures, PeerCapital and 32 Others
- Latest Funding Round: Series A, Feb 22, 2023, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 13 of 4,697 Competitors
5. Spydra
API driven Decentralization-as-a-Service platform. It enables developers, enterprises, and people worldwide to build next-generation applications, launches modern business infrastructure, and access the decentralized web.
Key facts about Spydra
- Founded Year: 2021
- Location: Bengaluru (India)
- Stage: Seed
- Total Funding till date: $2.81M
- Investors: Logx Venture Partners, Singularity AMC and 4 Others
- Latest Funding Round: Seed, Feb 11, 2025, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 7 of 830 Competitors
Companies founded year-on-year in the Web 3.0 sector in India
47 new startups have been founded so far in 2026 in the Web 3.0 sector in India. 336 Web 3.0 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 | 47 |
2025 | 46 |
2024 | 69 |
2023 | 97 |
2022 | 184 |
2021 | 336 |
2020 | 84 |
2019 | 65 |
2018 | 98 |
2017 | 56 |
Stage-wise distribution of Web 3.0 sector companies in India
Out of the total 1,290 Web 3.0 companies in India, 262 have secured funding. Among them, 31 have reached Series A or higher, and 13 to Series B or beyond.
Founded - 1,290
Funded - 262
Series A+ - 31
Series B+ - 13
Series C+ - 12
Company Stage | No. of companies |
|---|---|
Founded | 1,290 |
Funded | 262 |
Series A+ | 31 |
Series B+ | 13 |
Series C+ | 12 |
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Funding Trends in the Web 3.0 sector in India
Total funding year-on-year in the Web 3.0 sector in India
The Web 3.0 sector in India saw a total funding of more than $739M in the last 10 years. The most amount of funding was in 2022 at more than $452M. There has been a total funding of $2.71M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $2.71M |
2025 | $29.6M |
2024 | $51.6M |
2023 | $63.1M |
2022 | $452M |
2021 | $110M |
2020 | $5.29M |
2019 | $1.02M |
2018 | $22.9M |
2017 | $680K |
Recent Funding Rounds in Web 3.0 in India
In the year 2026, till June 2026, Web 3.0 companies in India have raised $2.71M in equity funding across 4 rounds.
In the same period last year (i.e. till June 2025), Web 3.0 companies in India had raised $7.89M across 10 rounds.
So, 2026 has seen a 65.69% drop in funding in Web 3.0 companies in India as compared to 2025.
Here are some recent, important funding rounds in Web 3.0 companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5619 | Jun 06, 2026 | ||
Seed | 5687 | Apr 06, 2026 | - | |
Angel | 3764 | Mar 31, 2026 | ||
Seed | 5618 | Mar 19, 2026 | ||
Series A | 3072 | Dec 16, 2025 |
Top Investors in Web 3.0 in India
Sandeep Nailwal is the top investor in Web 3.0 companies in India based on number of companies invested.
Here are some top investors in Web 3.0 companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Bengaluru (India) | ||
Menlo Park (United States) | ||
Delhi (India) | BitsCrunch and Pine | |
Hong Kong (China) | ||
Port Blair (India) | - |
M&A activity in Web 3.0 sector in India
In the year 2026, till March 2026, 1 acquisition happened in Web 3.0 sector in India. Last year, in 2025, a total of 1 acquisition happened in Web 3.0 sector in India.
Here are some recent, important acquisitions in Web 3.0 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 | Feb 23, 2023 | ||
Acqui-Hired | Jan 25, 2023 |
Acquisition trends in Web 3.0 sector in India
Here are the acquisition trends in Web 3.0 sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 1 |
2024 | 1 |
2023 | 2 |
2022 | 2 |
2021 | - |
2020 | - |
2019 | 3 |
2018 | 1 |
2017 | - |
Colleges which produce the most Web 3.0 companies in India
Companies founded by alumni from top colleges in the Web 3.0 in India
Most number of Web 3.0 startups in India have been founded by alumni from IIT Bombay, IIT Delhi and BITS Pilani.
College | No. of companies |
|---|---|
IIT Bombay | 14 |
IIT Delhi | 14 |
BITS Pilani | 13 |
IIT Kanpur | 9 |
IIT Kharagpur | 9 |
Indian School of Business | 6 |
Columbia University | 4 |
IIT Guwahati | 4 |
IIT Madras | 4 |
IIT Roorkee | 4 |
Total funding in Web 3.0 companies founded by alumni from top colleges in India
In the last 10 years, Imperial College London graduates' Web 3.0 companies in India have raised the most funding among top colleges. Stanford University and IIT Delhi alumni are second.
College | Total Funding |
|---|---|
Imperial College London | $261M |
Stanford University | $131M |
IIT Delhi | $131M |
Stanford Business School | $124M |
University of Pennsylvania | $121M |
Wharton School | $121M |
Booth School of Business | $117M |
Duke University | $117M |
University of Chicago | $117M |
IIT Madras | $40.3M |
Top News in Web 3.0 in India
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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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KONET Gains Strong Global Investor Interest Through Binance Futures NEXTNewswire•Feb 26, 2025•Konet, Binance
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Hitachi Payment Services invests in Spydra TechnologiesExpress Computer•Feb 11, 2025•Hitachi Payment Services, Spydra
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Arcana Network Launches Chain Abstraction SDK to Unify Multi-Chain ExperienceFinSMEs•Jan 07, 2025•Arcana
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