Bitget, Avalanche Partner to Boost India's Web3 Ecosystem with $10 Million Investment

Bitget, a cryptocurrency exchange with 100 million users, has announced a partnership with Avalanche to support community initiatives across India, one of the fastest-growing areas for crypto and Web3 developers. The partnership will see at least $10 million doled out in mini-grants, scholarships, hackathons, and workshops to the Web3 community in the country. The initial focus will be in Delhi and Bangalore. Delhi is the most populous city in India, and Bangalore is known as the local “Silicon Valley.”

Cryptocurrency activity in India has surged over the past two years. Crypto investment across the country accelerated in 2024, with the highest concentrations in Delhi, Bengaluru, and Mumbai. Youth 18- to 35-years-old now account for nearly 75% of the country's crypto investors. While Bitcoin and Ether remained popular choices, Dogecoin attracted the most investment in 2024, with other memecoins like Shiba Inu and Pepe also gaining significant traction.

The growth of India’s crypto ecosystem coincides with a wave of global exchanges either reentering the market or actively exploring a return. In February 2025, Bybit registered with local authorities and restored services in the country. In the same month, Coinbase began discussions with regulators seeking a comeback in the Indian market.

India is expected to be among the first countries to finalize a bilateral trade agreement with the United States, aiming to avoid the imposition of reciprocal tariffs. In addition, the country is reportedly seeking a pact with the US to gain access to certain technologies and exports.

According to a Web3 venture capital firm, India already accounts for 12% of Web3 developers worldwide and contributed 17% of all new developers entering the crypto space in 2024. This partnership, announced on April 28, 2025, aims to leverage the strengths of both companies to drive grassroots adoption of Web3 through educational initiatives, events, and workshops.

The collaboration will focus on empowering users with the necessary knowledge to unlock the full potential of blockchain technology in India's digital future. Both companies have a history of engaging in similar initiatives. Avalanche has previously collaborated with Indian government agencies on projects involving welfare programs and mini-grants, while Bitget has launched Blockchain4Youth, an initiative that pledged $10 million in scholarship, workshop, and hackathon support over a five-year period.

Bitget is currently in discussions with India’s Financial Intelligence Unit to secure its registration for operating in the country. Meanwhile, Avalanche is assisting state governments in India to integrate blockchain into their processes by transitioning public records to blockchain networks. The partnership aims to roll out a series of awareness and educational workshops throughout 2025, branded as the “HODL ON” tour. These efforts are designed to train and educate the Indian public on crypto safety and the potential of blockchain technology.

The tours will also serve as a platform for Indian Web3 startups to present their innovations and explore funding opportunities. Two successful community meetings have already been held in Delhi and Bengaluru as an initial phase of this outreach. Both companies are confident that with the right support, Indian tech talent can drive the development of Web3 applications.

The partnership underscores the importance of India as a key destination for expanding and building on Web3 expertise. Both companies have plans to collaborate through 2025, with a shared goal of providing a space for any Web3 enthusiast to connect and build, regardless of their location in India. The collaboration is expected to strengthen India's Web3 ecosystem, positioning the country as a leading hub for Web3 developers and innovation.