Bitcoin exchange CoinDCX has become India’s first ‘unicorn’ of the crypto industry

August 10, 2021

Bitcoin exchange CoinDCX has become India's first 'unicorn' of the crypto industry

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.

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The funding round was led by B Capital Group, co-founded by Eduardo Saverin. Other investors include Coinbase Ventures, Polychain Capital, 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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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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