According to Moneycontrol, CoinSwitch Ventures, the venture capital arm of the Indian encryption trading platform CoinSwitch, has invested $25 million in 12 start-ups through its Web3 Discovery Fund, including PYOR, Silence Labs, AirStack, Mohash, Shield, PolyTrade, BitsCrunch, and PlayZap. Mainly covering areas such as blockchain infrastructure, blockchain analysis, and tokenization of real-world assets. As previously reported by Foresight News in August 2022, according to The Economic Times of India, CoinSwitch announced the launch of the Web3 Discovery Fund, a Web3 investment fund with a scale of US$10 million, aiming to invest in and incubate more than 100 early-stage startups in the Web3 field. Investor partners of the fund include Tiger Global, Sequoia Capital, Coinbase Ventures, Ribbit Capital and others.