India, August 17, 2023: GravityX Capital, an early stage web3 venture capital firm focussing on areas of Gamefi, Defi, and Core Web3 Infrastructure companies, and CoinSwitch Ventures, the investments arm of CoinSwitch, India’s largest crypto investing platform, have launched a groundbreaking Web3 Scale-Up Program called ‘LevitateX’. This strategic initiative aims to support and propel early-stage Web3 companies in the domains of launch readiness, accelerated traction, and operational excellence.
The Web3 Scale-Up Program brings together the extensive expertise and resources of both GravityX Capital and CoinSwitch Ventures to foster the growth and success of promising Web3 ventures. By providing a comprehensive suite of support and guidance, the program aims to equip selected startups with the necessary tools, knowledge, and connections to navigate the complex landscape of the Web3 ecosystem.
Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, commented, “At CoinSwitch Ventures, we believe that Web3 and blockchain are the foundations of the new digital economy. We are delighted to partner with GravityX Capital to further our efforts in this direction.”
Parth further added, “Our investing philosophy involves more than just funding Web3 ventures. We also extend our expertise and investor network to drive their growth. This aligns well with LevitateX’s goals. We look forward to seeing the huge influx of innovative startup ideas that we see today turn into reality with the right platform.”
“We are thrilled to join forces with CoinSwitch Ventures to launch the Web3 Scale-Up Program,” said Pratik Magar, General Partner at GravityX Capital. “Our combined expertise and networks in the Web3 space will enable us to identify and nurture high-potential startups, empowering them to succeed in this rapidly evolving industry.”
- Key Highlights of the Web3 Scale-Up Program:
- 1. Launch Readiness: The program will assist selected companies in refining their product offerings, enhancing user experience, and optimising technical infrastructure to ensure a robust and successful launch in the Web3 space. The selected companies will gain access to industry-leading experts who will offer tailored guidance throughout the program.
- 2. Accelerated Traction: The program will provide startups with valuable insights enabling them to scale massively in the Web3 space. It encompasses essential elements such as brand positioning, marketing, and PR, while also prioritising community and developer activation, along with strategic business development. Leveraging its extensive network of thought leaders, influencers, and partner companies, the program will foster strategic partnerships that can fuel the venture’s growth trajectory.
- 3. Team Building and Operational Excellence: This program is designed to help the Web3 ventures establish their operational systems and build a cohesive team aligned with their growth strategy. Selected companies will receive comprehensive support in talent acquisition, hiring, and sourcing, and enable them to staff the right talent. Additionally, the program will assist in establishing operational systems transforming your startup into a well-oiled machine, ensuring accelerated growth without the usual hassles and obstacles.
- 4. Network and Investor Access: Companies selected in the Web3 Scale-Up Program will gain unparalleled access to GravityX Capital and CoinSwitch Ventures’ extensive networks of successful entrepreneurs, strategic investors and industry experts. This invaluable exposure will open doors to potential partnerships, collaborations, and funding opportunities.
Applications for the ‘LevitateX’ Web3 Scale-Up Program are now open. Early-stage Web3 companies seeking to scale their growth and make a significant impact are encouraged to apply through the program’s official website: https://www.levitatelabs.xyz/
- About CoinSwitch
CoinSwitch is on a mission to Make Money Equal for All. India’s largest Crypto investing app and a Great Place to Work®, CoinSwitch is creating an ecosystem that simplifies Crypto and is trusted by over 19 million registered users. The company was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital India, Ribbit Capital, Paradigm, and Coinbase Ventures. CoinSwitch Ventures is the investment arm of CoinSwitch. For more information, visit: www.coinswitch.co/ventures
In case of any media queries, please contact:
- Rishabh Arya | CoinSwitch | 96506 06849 | [email protected]