Friday, September 30, 2022
HomeExchangeIndian crypto exchange CoinDCX surpassed $2 billion valuation, raise $135 million in...

Indian crypto exchange CoinDCX surpassed $2 billion valuation, raise $135 million in funding

Crypto Exchange CoinDCX became the first crypto company in India to complete the D-Series funding round and receive $135 million to support various Web3 and crypto initiatives in the country.

The latest round of funding led CoinDCX to double its value to $ 2.15 billion, led by Pantera and Steadview, and showed the participation of prominent investors including Kingsway, DraperDragon and Republic.

Existing investors such as B Capital Group, the venture capitalist of Facebook co-founder Eduard Saverin – Coinbase, Polychain and Cadenza, have also joined the oversubscribed funding round to increase their crypto exchange investments.

CoinDCX is a cryptocurrency exchange platform co-founded by Sumit Gupta and Neeraj Khandelwal in 2018. The company is also ISO certified by the International Organization for Standardization and insured by BitGo. The minimum lending period of the company is seven days.

On August 10, 2021, it received $ 90 million in the C-Series financial round, with the participation of several international investors, including Facebook co-founder Eduard Saverin, and was valued at $ 1.1 billion.

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