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India's Future Crypto Exchange Unicorn, CoinDCX, Is Raising $100-120M, Led By Facebook Co-founder's B Capital Group
Summary: CoinDCX, a leading Indian cryptocurrency exchange, is seeking a new round of funding between $100 million and $120 million, led by B Capital Group, the venture capital firm co-founded by Facebook co-founder Eduardo Saverin, as reported by The Economic Times of India quoted three people familiar with the matter. Polychain Capital and Coinbase Ventures, which participated ...
CoinDCX, a leading Indian cryptocurrency exchange, is seeking a new round of funding between $100 million and $120 million, led by B Capital Group, the venture capital firm co-founded by Facebook co-founder Eduardo Saverin, as reported by The Economic Times of India quoted three people familiar with the matter.
Polychain Capital and Coinbase Ventures, which participated in the company's $2.5 million round last year, will also participate in the round. This round of financing will make the Indian company become a crypto unicorn with a valuation of more than $1 billion.
As of last month, CoinDCX has 1.5 million users, an increase of 700% since March 2020. A spokesperson told the Economic Times of India that it plans to expand by acquiring small exchanges in other markets.
By Mary Liu
Tags: CoinDCX,Cryptocurrency,Eduardo Saverin,Facebook,India
Link: India's Future Crypto Exchange Unicorn, CoinDCX, Is Raising $100-120M, Led By Facebook Co-founder's B Capital Group [Copy]
