Bitcoin exchange CoinDCX has raised 6.7 billion rupees (about $90 million), becoming India's first 'unicorn' from the cryptocurrency industry. This was reported by Bloomberg.
According to CoinDCX head Sumit Gupta, with the new investment, the company is valued at $1.1 billion.
The funding round was led by B Capital Group, co-founded by Eduardo Saverin. Other investors include Coinbase Ventures, Polychain Capital, Block.one and Jump Capital.
Some of the funds will be used to expand the staff over the next six months.
Recall that last year CoinDCX raised $3m in a Series A funding round and $13.9m in a Series B investor round.
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