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.”
He 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.”