Remember when people called the internet a fad? The same is happening with blockchain. Meanwhile, these 11 Indian startups are building tomorrow’s digital infrastructure today, and early investors are taking notice!
Blockchain technology isn’t just some fancy word related to cryptocurrency anymore. It has become a secure and tamperproof technology facilitating finance, supply chain, and other sectors. Maybe, it’s time we explore the skeptical world of blockchain and startups to watch out for in 2025, to understand market trends, performance gaps, and identify investment opportunities.
WazirX
WazirX, part of the Binance group, is a fintech startup established in 2018. It is one of the leading blockchain-backed cryptocurrency exchange platforms in India and is thriving in a volatile market. Currently a prominent player in the crypto-exchange sector, they are also investing in educating investors about crypto and pushing ahead for more structured regulations in the crypto market.
Elemential Labs
A Mumbai-based startup, Elemental Labs are providing enterprise blockchain solutions like building blocks and tools to help businesses create scalable blockchain applications. They offer IDStack to help developers create a more manageable solution for their company. They have been working with NSE and other government agencies to develop solutions for the KYC process and
tracking other transactions.
Bitbns
Bitbns, or popularly known as BNS, is a crypto trading platform backed by advanced blockchain technology. The platform provides a user-friendly interface to enable anyone to trade cryptocurrency. They also offer a Systematic Investment Plan (SIP) to help users consistently invest and track their investments.
Zebi
Established in 2015, and now a rising blockchain company in India, Zebi provides a blockchain-based decentralized data storage and distribution solution. They use blockchain technology to create a secure, tamper-free data management system available to any user. They have joined hands with the Andhra Pradesh government to create a safe system to store land records (source). They also offer an API to help users systematically access the desired data. With Zebi, you can eliminate the chances of faking records and data.
Signzy
Signzy is a popular blockchain company offering digital banking infrastructure to make client onboarding fast, secure, and error-free. They help the financial institutions follow the necessary regulations when verifying their customers and streamline the verification. Started from Bengaluru, they have now established their presence in global markets like Dubai and New York.
Celo
Celo provides a blockchain-based ecosystem that helps users make decentralized financial payments through their phones and create apps and web3 solutions. The ecosystem is designed to make it easier for users to navigate the platform, transfer funds, and manage their data better.
Polygon (Matic Network)
Polygon, formerly Matic Network, is one of India’s most successful startups in the blockchain industry. They provide open-source protocols to help others create secure, scalable solutions in diverse fields like fintech. They are known for improving Ethereum to make faster and cost-effective transactions.
Centrifuge
Established in 2017, Centrifuge is a blockchain company in the fintech sector. They enable the asset managers to tokenize the assets and distribute them on-chain. It allows them to manage their assets more easily and create a secure system to track them. Centrifuge is creating a more efficient system for managing assets.
Sperax
Sperax provides a blockchain-based ecosystem for creating decentralized finance (DeFi) solutions. They are popular for their auto-yielding stablecoin Sperax USD, which helps the governors get direct yields. This ecosystem provides the tools to make more secure DeFi solutions.
Fireblocks
Fireblocks ecosystem uses blockchain technology to create a secure digital asset management and transfer system. They offer institutional solutions to make asset storage and transfer easier. They provide an end-to-end payment solution to help you safely transfer stablecoins.
Alchemy
Alchemy offers complete web3 development platforms for developing apps. Their advanced tools can be used to create blockchain-based products in diverse sectors such as fintech, gaming, and more. Anyone wanting to make a secure and transparent app system can use Alchemy.
Future of Blockchain Startups in India
India is rapidly adopting blockchain to create a transparent and secure data management and DeFi ecosystem. The Government of India is offering support in the form of MeitY, which took the National Blockchain Framework (NBF) to promote the adoption of blockchain in e-Governance. They have also established the Centre of Excellence in Blockchain Technology to support testing and development of innovative blockchain projects. The investors are looking forward to investing in blockchain-focused startups to get better returns.
21BY72’s leading startup summit can help you understand the market potential and explore innovative blockchain startups. Whether you are an investor or an entrepreneur, you can find industry insights and build your network at our global startup summit. Explore our website for more information regarding our summit.
Conclusion
Blockchain startups are gaining popularity among industries and investors. Diverse sectors, especially fintech and big data companies, are adopting blockchain to create a transparent, secure, and tamperproof system. In this blog, we have explored 15 startups who are using blockchain technology to develop innovative solutions. Stay tuned with 21BY72 for more such insightful
blogs on the Indian startup ecosystem.
FAQs
1. Does blockchain have a future in India?
Absolutely! Blockchain technology has been rapidly adopted in some sectors such as finance, governance, and logistics. The security and control of data make it essential to create a secure system to store, manage, and transfer data without any threat. Therefore, there is a bright future for blockchain startups in India.
2. How many blockchain startups are there in India?
There is a growth in Indian blockchain startups. As per a source, the Indian blockchain technology sector has 2.11K startups, and around 329 companies have raised funds worth $1.94B through private equity and venture capital funding.
3. How to invest in blockchain companies?
First, you need to pick a niche to invest in blockchain companies. For example, you can invest in a company creating a reliable blockchain ecosystem or using blockchain in finance or supply chain services. Once you choose a niche, start looking for startups through accelerators, startup events, angel networks, and social media. You can connect with the founders or fellow investors to find an investment opportunity.
4. How to start a blockchain startup?
The first step in creating a blockchain startup is to find a crucial real-life problem. Then, choose a blockchain platform to build your solution (like an app) and test it with your target audience. Once you have an MVP and market demand, you can raise more funding to scale your startup.
