India is rapidly developing as a global leader in Web3 technologies and startups, with Bengaluru leading as a major hub hosting 97 Web3 firms. With thousands of skilled developers and rising investments exceeding $3 billion since 2020, India’s decentralized technology landscape is shaping the future of blockchain, DeFi, NFT, and metaverse sectors.
India’s Web3 ecosystem is witnessing an exponential expansion driven by vibrant startup activity, growing developer community, and increasing domestic and international investments. Bengaluru, often called India’s Silicon Valley, stands out as the predominant cluster harboring 97 active Web3 startups, followed by Maharashtra with 47 firms. The nationwide tally of Web3-focused companies exceeds 400.
This growth is largely fueled by sectors such as blockchain services, virtual digital asset exchanges, decentralized finance, gaming, and metaverse projects. Indian developers also constitute about 12% of global Web3 talent, positioning India as a key player in the global decentralized technology revolution.
Despite regulatory challenges such as taxation on virtual digital asset transfers and lack of official legal tender status for crypto tokens, the startup ecosystem remains resilient. Incentives including business-friendly policies, abundant technical talent, and accelerator support continue to attract funding and innovation.
With these advancements, India aims to solidify its position as a global Web3 powerhouse, fostering innovation, financial inclusion, and creating new opportunities across multiple digital sectors.
Key Highlights
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Bengaluru hosts 97 Web3 startups, the largest hub in India; Maharashtra follows with 47.
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Over 400 Indian companies develop blockchain, NFTs, DeFi, gaming, and metaverse solutions.
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Indian Web3 developers comprise 12% of global talent pool.
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Startup funding surpassed $3 billion since 2020, with an 82% YoY investment surge in 2024.
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Regulatory hurdles exist but ecosystem growth driven by favorable policies and skilled workforce.
Sources: New Indian Express, Economic Times, Bharat Web3 Association