Ava Labs Hires OKX, Polygon Execs to Expand Operations in India
- Ava Labs has hired executives from Polygon and OKX to expand its presence in India.
- Devika Mittal and Kamakshi Arjun have joined the firm’s local team, which now includes five people.
- The firm is “primarily focused on institutional partnerships, developers, and community growth.”
- According to Mittal, “India is a very big market,” and the firm will target ticketing, certification, supply chain, etc.
Ava Labs, the firm responsible for the development of the Avalanche blockchain, plans to expand operations in India and has hired Devika Mittal of crypto exchange OKX and Kamakshi Arjun of Ethereum scaling solution Polygon (MATIC) for its goals. The firm seeks to partner with Indian institutions, developers, and government agencies to expand in the South Asian country.
According to a post on social media platform X (formerly known as Twitter), Mittal and Arjun have joined Ava Labs as head of India and business development lead for India, respectively, “accelerating the firm’s growth in the Indian market, primarily focused on institutional partnerships, developers, and community growth.”
It is important to note that Mittal previously worked for OKX as a lead of listings, while Arjun was Polygon Labs’ head of partnerships in India. According to Mittal, “India is a very big market,” while adding:
“There are many institutions and developers that we look to work with. We are already in talks with a lot of different large institutions, very prominent institutions, and we have already finalized a deal with a government agency.”
In an interview with TheBlock, Mittal stated that Ava Labs will target ticketing, certification, supply chain, and other sectors. She added that the firm will mirror its global partnerships in India while giving examples of collaborations with SK Planet’s electronics and entertainment firm Dreamus and improving its ticketing experience.
More importantly, Indian game streaming platform Loco teamed up with Ava Labs, allowing users to create new fan experiences on the Avalanche blockchain. The firm also noted that “India has become the world’s second-largest crypto market and is number one globally for blockchain adoption.”
Mittal and Arjun joined Ava Labs last month as the firm’s first full-time, India-based employees, and now the firm’s local team consists of about five people with plans to expand in the near future.
As reported earlier by Bitnation, strict restrictions and high taxes on crypto might last for two more years in India, as per local exchanges, which are working to persuade the government to lower TDS from 1% to 0.01%.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
