Gemini backs India’s tech ecosystem with $24M office investment

Gemini highlighted India’s reputation as a talent hub for top tech companies as a key factor for establishing its presence in the country

article-image

Gurgaon, India; Source: PradeepGaurs/Shutterstock, modified by Blockworks

share

Crypto exchange Gemini is allocating $24 million toward expanding its operations in India over the next two years, led by APAC CEO Pravjit Tiwana.

The company initially revealed back in April the launch of its engineering center in Gurgaon, near India’s capital Delhi, as a key component of its international business expansion strategy. 

Tiwana emphasized in a statement on Tuesday that this office will play a significant role in driving Gemini’s growth in the upcoming years.

Gemini cited India’s flourishing startup environment, boosted by the government’s 2016 initiative to promote entrepreneurship and transition from a job-seeking to a job-creating society, as a reason to establish its presence there.

This support includes tax advantages, streamlined compliance, simplified company formation and faster exit options.

As a result of this program’s launch, the government has formally recognized more than 92,000 entities as startups within the country.

The teams based in this location will handle compliance, data pipelines, warehousing, security and payments-related tasks.

Gemini’s Gurgaon office is actively seeking to recruit software engineers, technical product managers, professionals in people operations and talent acquisition, finance, support and compliance roles.

As of September, the Gurgaon division has a workforce of over 70 employees.

This development occurs amidst growing unease among prominent crypto companies in the United States due to heightened regulatory oversight by US agencies.

India’s crypto scene gains momentum

While India was initially perceived as less hospitable to the crypto sector, the situation appears to be gradually changing. 

According to a recent Chainalysis report, India stands out as a global leader in “grassroots crypto adoption.”

The report also highlighted that India has risen to become the second-largest crypto market globally in terms of total estimated transaction volume, surpassing several more affluent nations.

Also, India’s Prime Minister Narendra Modi at the B20 summit in August advocated for an international framework to govern cryptocurrencies. 

Gemini’s expansion into India aligns with its recent venture into Singapore and its plans to augment its workforce in the city-state to exceed 100 employees in the upcoming year.

The company has indicated that the Singapore branch will serve as the focal point for its broader “larger APAC operations.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Crypto’s highest purpose might be to make markets better by making them bigger

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy

article-image

A valuation model for “blockchain GDP”

article-image

The mini app combines vibe-coding with a hypercasual game feed and is coming to the new Coinbase Wallet