Explore
  • Home
  • Start Here
  • Blog
    • FIRE
    • Finance
      • Earn More
      • Spend Less
      • Invest Money
      • Reach Your Goals
    • Crypto
      • Crypto Guide
      • Crypto News
  • Services
  • About
    • About Us
    • Contact Us
On-Chain Metrics Show That Bitcoin's Bullish Recovery Rally Is Near
On-Chain Metrics Show That Bitcoin’s Bullish Recovery Rally Is Near
  • January 12, 2022
Cleaning Up Your Finances This New Year 2022
Cleaning Up Your Finances: 5 Steps for This New Year 2022
  • January 11, 2022
Good Debt vs Bad Debt: The Definitive Guide
Good Debt vs Bad Debt: The Definitive Guide
  • January 7, 2022
10 Financial Priorities Everyone Should Have For 2022
5 Financial Priorities Everyone Should Have In 2022
  • January 6, 2022
10 Common Money Mistakes That Will End Up Ruining You
10 Common Money Mistakes That Will End Up Ruining You (Part 2)
  • December 20, 2021
Life Insurance: What Is It And Why Do I Need It?
Life Insurance: What Is It And Why Do I Need It?
  • December 16, 2021
Part-Time or Full-Time? What to Know About Freelancing
Part-Time or Full-Time? What to Know About Freelancing
  • December 14, 2021
Achieving Financial Freedom: The Right Mindset
Achieving Financial Freedom: The Right Mindset
  • December 14, 2021
How To Invest For Your Kids And Teach Them About Personal Finance
How To Invest For Your Kids And Teach Them About Personal Finance
  • December 12, 2021
6 Biggest Mistakes Crypto Newbies Make & How To Avoid Them
6 Biggest Mistakes Crypto Newbies Make & How To Avoid Them
  • December 12, 2021
Finance Outpost Finance Outpost
Finance Outpost Finance Outpost
  • Home
  • Start Here
  • Blog
    • FIRE
    • Finance
      • Earn More
      • Spend Less
      • Invest Money
      • Reach Your Goals
    • Crypto
      • Crypto Guide
      • Crypto News
  • Services
  • About
    • About Us
    • Contact Us
  • Crypto

Coinswitch Kuber, an Indian Cryptocurrency Exchange, Raises $260 Million

  • October 6, 2021
  • Princess Ventures
Total
0
Shares
0
0
0

After raising $260 million in the Series C round of funding, the Indian crypto exchange CoinSwitch Kuber has been valued at $1.9 billion.

Coinbase Ventures and Andreessen Horowitz were among the investors who contributed to this round with other backers included Paradigm, Sequoia Capital India, Ribbit Capital, and Tiger Global.

It’s not simply a crypto investment for a16z in India, according to Sharan Nair, the chief business officer of CoinSwitch.

As a result of its explosive expansion, CoinSwitch has become India’s biggest retail cryptocurrency exchange, according to Andreessen Horowitz.

It hopes to bring on 50 million new users and introduce additional services like lending and staking with the new money it’s getting from the VC investment. The exchange also intends to grow its engineering, data, and growth teams.

Over 7 million people are currently engaging on CoinSwitch’s monthly active user base of over 10 million.

CoinSwitch already employs 350 employees, with plans to hire an additional 250 in the near future, according to Nair.

When CoinSwitch was established in 2017, it serves as an aggregator of cryptocurrency exchanges on a global scale. In June 2020, it began operating in India via CoinSwitch Kuber.

? CoinSwitch Kuber Unicorn Status

CoinSwitch is the second crypto exchange in India. It was able to achieve unicorn status in a short period of time. When CoinDCX raised $90 million in August, its value was $1.1 billion post-tax.

Despite India’s uncertain regulatory climate, venture capital firms continue to pump millions of dollars into the country’s crypto business. In India, cryptocurrency is neither legal and illegal.

However, the bill’s content is still unknown as the administration works to present it. Investment businesses appear to be betting on a more favorable regulatory climate in India.

Series C funding for CoinSwitch Kuber follows a $25 million Series B round. According to Nair, the latest round of funding increases the exchange’s overall funding to $300 million.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • crypto news
  • cryptocurrency
Princess Ventures

Princess is a freelance technical, finance, and blockchain writer, blogger, and founder of FinanceOutpost.com. Ultimately, she wants to help individuals create their own freelance businesses, learn blockchain, and become financially independent.

Previous Article
  • Crypto

Ethereum Price Has Just Reversed and Achieved $3,700, Here’s Why

  • October 6, 2021
  • Princess Ventures
Read More
Next Article
  • Crypto

Why Dogecoin Is A Better Payment Method Than Bitcoin, Says Billionaire Mark Cuban

  • October 7, 2021
  • Princess Ventures
Read More
You May Also Like
On-Chain Metrics Show That Bitcoin's Bullish Recovery Rally Is Near
Read More
  • Crypto

On-Chain Metrics Show That Bitcoin’s Bullish Recovery Rally Is Near

  • Princess Ventures
  • January 12, 2022
6 Biggest Mistakes Crypto Newbies Make & How To Avoid Them
Read More
  • Crypto

6 Biggest Mistakes Crypto Newbies Make & How To Avoid Them

  • Princess Ventures
  • December 12, 2021
Read More
  • Crypto

Understanding the Different Types of Cryptocurrency

  • Princess Ventures
  • December 6, 2021
Read More
  • Crypto

Is Bitcoin’s Inability to Regain $60,000 Hint of Trouble?

  • Princess Ventures
  • November 23, 2021
bitcoin as a form of cash
Read More
  • Crypto

Miami Will Provide Bitcoin to Its Residents and Allow Its Use for Payments

  • Princess Ventures
  • November 12, 2021
Ethereum, To Surpass Bitcoin in The Next Few Years?
Read More
  • Crypto

Ethereum, To Surpass Bitcoin in The Next Few Years?

  • Princess Ventures
  • November 7, 2021
Bitcoin, The Most Popular Coin In The Market Today
Read More
  • Crypto

Bitcoin, The Most Popular Coin In The Market Today

  • Princess Ventures
  • November 7, 2021
Bitcoin Taproot Is Just A Few Days Away
Read More
  • Crypto

Bitcoin Taproot Is Just A Few Days Away

  • Princess Ventures
  • November 3, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Outpost Finance Outpost
  • Contact Us
  • Privacy Policy
  • Disclosure Policy
  • Terms and Conditions
Financial independence at any age, anywhere.

Input your search keywords and press Enter.