Algorand is working on onboarding India onto the web3 train with its Indian arm - the AlgoBharat initiative. The entity already has several partnerships in the healthcare and education sector in India, as well as in the burgeoning startup space.
As stated by the team, AlgoBharat’s mission in India is to use blockchain to help democratise access to markets and capital for the general populace, by helping develop sustainable Web3 solutions. Speaking of the receptivity of Indian users for blockchain and web3 tech and AlgoBharat’s work, Anil Kakani- VP and India country head at Algorand Foundation, said, “There's a huge amount of receptivity and appetite. What we're trying to do is deepen understanding [of web3 and blockchains]. I think there's a real openness to how we use blockchain to the greatest effect and impact here in India.”