CoinDCX is now the highest valued exchange company in India after the cryptocurrency exchange platform raised more than $135 million in a Series D funding round directed by Pantera Capital and Steadview. CoinDCX’s total funding to date is around $245 million, in Series D round.
With the new fund in hands, CoinDCX’s aims to triple its headcount to over 1000 by the end of this year and with that its plans to introduce new products and services for its customers. The exchange will also continue to invest in investor education initiatives.
The round came up with CoinDCX’s valuation to $2.15 billion, as per the resource. CoinDCX’s valuation doubled in just seven months. When the $90 million raised in a Series C funding round in August, the exchange was valued at $1.1 billion. It is now the highest valued exchange company in India as per CoinDCX.
The Co-Founder, and CEO, of CoinDCX, Sumit Gupta, announce in the statement that:
“The latest round by some of the largest institutional investors only reinforces the belief in India’s immense potential in the crypto ecosystem.”
There were many other Investors in the series D funding which included Kingsway, DraperDragon, Republic, and Kindred. Prior investors in the round included B Capital Group, Coinbase, Polychain, and Cadenza.
Read more:
Listing of GARI on India’s largest crypto exchange platform CoinDCX
