Karnataka leads India’s Web3 Revolution with over 97 startups, report finds

BENGALURU: Karnataka has emerged as a hub for Web3 technology in India, with 97 Web3 startups based in the state, according to the Bharat Web3 Association’s recent report, India’s Web3 Revolution: A Compendium of Web3 Firms Led by Indian Innovators.

This gives Karnataka a 33% share in the country’s Web3 ecosystem, placing it ahead of Maharashtra, which has 47 Web3 companies headquartered in the state.