Indian Web3 startup raises $564 million in 2024, leading global developer community growth

Odaily Planet Daily News: In 2024, the total financing of Web3 startups in India reached $564 million, a significant increase from $270 million in 2023. The infrastructure sector has the highest proportion of investment, mainly supporting projects in artificial intelligence, middleware, and data tools. In addition, investment in the financial sector has increased by over 50%, reaching $86 million. The Indian developer community has the fastest growth rate in the world, with the number of open source developers increasing by 28% year-on-year to 4.5 million, and is expected to surpass the United States to become the world's largest developer community by 2028.