Crypto
India’s leading crypto exchange CoinDCX has raised over $135 million in Series D funding round, led by Pantera and Steadview.
The funding round also saw strong participation from prominent investors like Kingsway, DraperDragon, Republic, and Kindred, along with existing investors B Capital Group, Coinbase, Polychain, and Cadenza.
The funding round places CoinDCX in a strong position to support the growth of the crypto/web3 industry in India.
With the latest round, CoinDCX said it has reaffirmed the global investor sentiment on the potential for India in the industry. The size of the round and varied investors is a testament to the continuous support that CoinDCX has earned over the years. With this round, CoinDCX becomes the highest valued crypto company in India, it said.
“The latest round by some of the largest institutional investors only reinforces the belief in India’s immense potential in the crypto ecosystem. With a shared vision of a digital-first economy, we see this round as a strong endorsement of the amazing work that CoinDCX has done for the ecosystem over the years and our plans for the future,” said Sumit Gupta, Co-Founder, and CEO, of CoinDCX.
7 comments