Bitget logo is displayed on smartphone. Source: Mojahid Mottakin - stock.adobe.com

Key Takeaways:

Bitget and Avalanche are launching a $10M initiative to support Web3 growth in India through grants, scholarships, and educational events.
Delhi and Bangalore will be the initial focus, reflecting India’s rising crypto adoption and developer contributions.
Dogecoin led 2024 investment trends in India, with youth dominating the investor demographic and memecoins gaining popularity.

Bitget, a leading cryptocurrency exchange with 100 million users, has partnered with Avalanche to launch a $10 million initiative to boost Web3 development in India.

This collaboration aims to support the country’s rapidly growing crypto and developer communities through grassroots efforts like scholarships, hackathons, educational workshops, and mini-grants.

We’re teaming up with @avax to fuel India’s next wave of Web3 adoption and innovation! 💡

At #Bitget, we believe knowledge unlocks blockchain’s true potential — and we’re investing in the builders shaping the future.

Learn more👇https://t.co/skH8S9G5uU
— Bitget (@bitgetglobal) April 28, 2025

Initial activities will focus on Delhi and Bangalore, both recognized as key tech hubs.

Crypto adoption in India has surged, with young adults (ages 18–35) making up 75% of investors.

In 2024, Dogecoin emerged as the most popular crypto asset, surpassing Bitcoin and Ether in interest, alongside a rise in memecoin investments like Shiba Inu and Pepe.

The initiative aligns with a broader revival in India’s crypto sector, marked by Bybit’s return in February 2025 and Coinbase’s regulatory discussions.

India is also advancing its global tech presence, nearing a trade deal with the U.S. to gain access to emerging technologies.

According to venture capital firm Hashed Emergent, India produced 17% of new global crypto developers in 2024 and now accounts for 12% of the total Web3 developer workforce.