National, 26th November 2020, The two leading players in the vibrant Indian crypto space, Ajeet Khurana and Pareen Lathia, has launched “Genezis Network”. It is considered as the first step towards the supporting crypto startup in India.
“Genezis Network”– a consortium of crypto experts to fund startups. It is investing in early-stage crypto startups working on problems with use cases.
The market capitalization of cryptocurrency industry is calculated approx $550 billion. With NYSE’s parent company starting a cryptocurrency exchange to PayPal adopting Bitcoin. It is to funds like Blackrock considering Bitcoin’s potential over Gold, this technology and the industry are here to stay.
With the Indian crypto startups launch, could be a breathe a sigh of relief now, as India’s prominent crypto names have formed a consortium to fund crypto startups. As of now, most startup investors and VC funds have stayed away from cryptocurrency startups. Cosequenly, many crypto founders and startups have moved out of India.
Addressing on the launch of the consortium, Ajeet Khurana, a leading Indian investor in the startup and crypto currency space, said, “We want to support crypto startups and help India grow its technological strength. We’re investing in these startups at an early stage. Looking forward to working with some great projects”
With this, Pareen, AVP–Marketing at India’s largest crypto exchange, WazirX, commented “A crypto project cannot survive without a solid marketing plan. Creating content that simplifies complex technology and acquiring distribution can be the key for a crypto project’s success”
Genezis Network has the vision to create a network of individuals from the crypto industry for investing and supporting startups. They start inviting startups to apply for funding via their website.
About Genezis Network
The vibrant crypto currency start up market in Indian space was facing a huge gap in terms of a network that could help Indian entrepreneur in marketing and funding their start up. Hence to support crypto startups in India, Ajeet Khurana and Pareen Lathia came together and they launched Genezis Network, a consortium of crypto experts to fund startups.
They will be investing in crypto startups that are in early-stage. Ajeet Khurana is a well-known name in angel investing and start-up space in the country. Prateek is AVP at WazirX and brings marketing expertise to a volatile and fast-paced crypto market.
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