India gets its Second Crypto Unicorn - iSurti.com

India gets its Second Crypto Unicorn – iSurti.com CoinSwitch Kuber became the 30th unicorn startup in India, and valued higher than CoinDCX’s $1.1 billion valuation announced in August 2021.

The fundraising was co-led by Silicon Valley-based venture fund Andreessen Horowitz and Coinbase Ventures. While Andreessen Horowitz has invested $80 million, Coinbase Ventures has pitched $150 million. This is the first investment from Andreessen Horowitz in an Indian start-up, it has also become the 30th Indian unicorn this year as record capital continues to be pumped in the local start-up economy.

CoinSwitch Kuber was founded in 2017 by Singhal, Govind Soni and Vimal Sagar Tiwari with a motto to make crypto investing as easy as ordering food online. They wish to combine transparent pricing with an extensive knowledge hub so that users can make informed decisions and thrive in a dynamic digital investment world. The platform claims to have 7 million active users all from India so far.

Source link : https://isurti.com/india-gets-its-second-crypto-unicorn/