.a16z has earmarked $500 million to invest in startups in India. thesamreynolds reports.
was in local crypto exchange CoinSwitch Kuber, where it led a round that closed in October 2021 which saw the exchange raise $260 million at a $1.9 billion valuation.
A16z isn’t commenting on the report, but co-founder and general partner Marc Andreessen has in the past talked about how “tempting” India and other emerging markets are for investment opportunities.as part of its new $200 million fund, which it announced last October.
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