India

The Bangalore-based startup has become India's largest and most valuable cryptocurrency platform, amassing more than 10 million customers in just 14 months of operation. coinSwitch Kuber plans to use the funding to expand its user base to 50 million.

In April, CoinSwitch Kuber closed a $25 million Series B round of funding at a $500 million valuation, with Tiger Global as the sole investor. This followed a $15 million Series A round led by Ribbit Capital and Paradigm, with participation from Sequoia Capital and others.

Previously, on August 10, CoinDCX, another India-based cryptocurrency exchange, announced that it had closed a $90 million Series C round led by B Capital, founded by Facebook founder Eduardo Saverin. . one, Jump Capital, and others participated in the round. CoinDCX has now raised $110 million, including this round. The company is valued at $1.1 billion after the funding round, making it the first Indian cryptocurrency company to successfully squeeze into the unicorn category.