Cypher Capital Launches $100 Million Blockchain Fund, With an Aim to Invest 40% Of It in Crypto Startups in India
By Rounak Jain
Cypher Capital, a private venture capital firm, announced the launch of a $100 million blockchain fund, and it aims to invest 40% of it in Indian cryptocurrency and blockchain startups.
Cypher Capital is a UAE-based venture capital firm and it has made investments in fifteen Indian blockchain startups like SolRazr and Safle. While SolRazr is a new Solana-based decentralised platform, Safle offers storing digital identities and over 500 digital assets, protected using a master key.
There is a reason the firm has reserved a $40 million seed fund for Indian startups – India has over 100 million cryptocurrency users, and despite the regulatory uncertainty and adverse comments, Cypher Capital’s Vineet Budki is confident that the policies will normalise over time.