Chennai: Coindcx has become the first Cryptocurrency Exchange of Indian Cryptocurrency to enter the Unicorn Club with a $ 90 million Series-C funding round (RS 668 Crore).
Gas Funds are led by co-firtuer Facebook Eduardo Saverin’s B Capital.
This funding round increases Coindcx’s assessment to $ 1.1 billion (Rs 8,150 Crore), making it exchange the first Cryptocurrency India to achieve Unicorn status.
CoininCX Co-Founder & Sumit CEO Gupta said, “We will join hands or enter into partnership with the Fintech Main Player to expand the Crypto investor base, establishing research & development facilities (R & D), strengthening policy conversations through public discourse, working With the government to introduce favorable regulations, education, and enhance recruitment initiatives.
“” The funds that are raised will be allocated to develop (bring more Indians to Crypto and make Crypto class of popular investment assets in India) and strengthen our workforce that will fulfill Our growth story.
We will rent talent in various functions, and focus on new business initiatives, “he added.
The fundraising round also includes investor participation that returns such as coinbase business, capital policain, block.
One, the jump capital includes, along with other veteran investors.
Established in 2018, Coindcx has onboarded more than 3.5 million users so far.