Banking

CoinDCX becomes India’s first crypto unicorn with a $90 million fundraise

CoinDCX becomes India’s first crypto unicorn with a $90 million fundraise

CoinDCX has become the first Indian cryptocurrency exchange to enter the unicorn club with a $90-million (Rs 668-crore) series-C funding round. The fund-raise has been led by Facebook co-founder Eduardo Saverin’s B Capital.

  • This funding round raises CoinDCX’s valuation to $1.1 billion (Rs 8,150 crore) and has become the first Indian cryptocurrency exchange to reach unicorn status.
  • This round of fundraising includes the participation of returning investors such as Coinbase Ventures, Polychain Capital, Block.one, Jump Capital among others, alongside other veteran investors.

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