Blockchain startups in India have gained significant traction in recent years, as the country recognizes the potential of blockchain technology in transforming industries and driving innovation. These startups are leveraging blockchain’s decentralized and transparent nature to revolutionize various sectors, including finance, supply chain management, healthcare, identity verification, and more.
India’s blockchain startup ecosystem is characterized by a diverse range of companies, offering solutions such as cryptocurrency exchanges, decentralized finance platforms, blockchain infrastructure services, identity verification systems, and smart contract development. These startups are not only catering to the domestic market but also expanding their reach globally, contributing to India’s growing reputation as a hub for blockchain innovation.
Several factors contribute to the growth of blockchain startups in India. These include a supportive regulatory environment, increased awareness and adoption of blockchain technology, availability of technical talent, and a strong entrepreneurial culture. Furthermore, initiatives like blockchain sandboxes and government-led blockchain projects have provided a conducive environment for startups to experiment and develop innovative blockchain solutions.
Innovation Unchained: How These 10 Indian Blockchain Startups are Reshaping Industries with Decentralization.
Zebpay
Founder: Mahin Gupta, Sandeep Goenka, and Saurabh Agrawal
CEO: Rahul Pagidipati
Year: 2014
Services: Cryptocurrency exchange platform that allows users to buy, sell, and trade a variety of digital assets.
Targeted Audience: Individuals interested in trading and investing in cryptocurrencies.
BlockSmiths
Founder: Aniket Jindal and Vibhore Goyal
CEO: Aniket Jindal
Year: 2017
Services: Blockchain development and consulting services, with a focus on finance, healthcare, and supply chain management sectors.
Targeted Audience: Businesses in finance, healthcare, and supply chain management seeking blockchain solutions.
Somish Blockchain Labs
Founder: Raunaq Vaisoha and Ankit Gaur
CEO: Raunaq Vaisoha
Year: 2016
Services: Blockchain solutions for various industries, including healthcare, finance, and logistics, with a focus on secure and scalable solutions.
Targeted Audience: Businesses across industries seeking secure and scalable blockchain solutions.
Cashaa
Founder: Kumar Gaurav
CEO: Kumar Gaurav
Year: 2016
Services: Blockchain-based banking platform providing financial services to individuals and businesses worldwide.
Targeted Audience: Individuals and businesses in need of global financial services.
InstaDApp
Founder: Samyak Jain and Sowmay Jain
CEO: Samyak Jain
Year: 2018
Services: Decentralized finance platform that allows users to access and manage various DeFi protocols in one place.
Targeted Audience: Users interested in decentralized finance and accessing multiple DeFi protocols.
MyEtherWallet
Founder: Taylor Monahan
CEO: Kosala Hemachandra
Year: 2015
Services: Ethereum wallet interface for managing Ether and ERC-20 tokens securely.
Targeted Audience: Ethereum users requiring a secure wallet interface for managing their assets.
Auxledger
Founder: Akash Gaurav, Nitin Gaurav, and Rakesh Yadav
CEO: Akash Gaurav
Year: 2017
Services: Blockchain infrastructure provider offering scalable and secure blockchain applications tailored to organizations’ needs.
Targeted Audience: Organizations seeking blockchain infrastructure solutions.
Velix.ID
Founder: Manav Singhal, Sachin Tomar, and Dheeraj Pandey
CEO: Manav Singhal
Year: 2017
Services: Blockchain-based identity verification solutions for securely managing and sharing identities across platforms.
Targeted Audience: Individuals and businesses requiring secure identity verification solutions.
Primechain Technologies
Founder: Shinam Arora and Rohas Nagpal
CEO: Shinam Arora
Year: 2016
Services: Blockchain solutions for the banking and financial industry, focusing on areas such as fraud detection and secure transactions.
Targeted Audience: Banks and financial institutions seeking blockchain solutions.
Matic Network
Founder: Jaynti Kanani and Sandeep Nailwal
CEO: Jaynti Kanani
Year: 2017
Services: Layer 2 scaling solution for Ethereum, improving scalability and usability while maintaining compatibility with the Ethereum ecosystem.
Targeted Audience: Developers and users of decentralized applications (dApps) on Ethereum.
While there are many promising blockchain startups in India, it’s important to note that the landscape is dynamic and continuously evolving. New startups emerge, and the ranking and status of existing ones may change over time. Therefore, it is recommended to conduct thorough research and stay updated with the latest developments to gain a comprehensive understanding of the blockchain startup scene in India.
