Indian Crypto Exchange CoinSwitch Kuber Raises $260M; Achieves Unicorn Status

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Bengaluru based cryptocurrency startup CoinSwitch Kuber has raised $260 million in Series C funding round led by Andreessen Horowitz and Coinbase Ventures at a valuation of ~1.9 billion, making it the latest entrant to the expanding list of fintech unicorns in the country. The current round also witnessed participation from existing investors Tiger Global Management, Sequoia Capital India, Ribbit Capital and Paradigm. The four year old startup has raised over $300 million funding till date.

Founded in 2017 by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, CoinSwitch Kuber is a cryptocurrency exchange platform allowing its users to buy and sell cryptocurrencies.

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