Cryptocurrency exchange CoinSwitch Kuber in India announced on Wednesday that it has received more than $260 million in Series C investments, reaching a total valuation of $1.9 billion.
Sequoia, Paradigm, Ribbit and Tiger Global also participated in the Series C investment round led by Coinbase Ventures and Andreessen Horowitz (a16z).
1 million total users since the end of last year over 10 million CoinSwitch Kuber is the second in the cryptocurrency industry in India with a valuation of $1.9 billion. unicorn it happened.
The first name in the industry to reach this level, with an investment of 90 million dollars in August 2021 more than $1 billion It was CoinDCX that reached valuation.
According to the statement made by CoinSwitch Kuber, the company’s future goals include the total number of users. over 50 million subtract; Starting to provide services such as lending and staking and developing products for institutional investors.