{"id":349030,"date":"2021-10-06T11:54:46","date_gmt":"2021-10-06T08:54:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/indian-crypto-exchange-coinswitch-kuber-raises-260m\/"},"modified":"2021-10-06T11:54:46","modified_gmt":"2021-10-06T08:54:46","slug":"indian-crypto-exchange-coinswitch-kuber-raises-260m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/indian-crypto-exchange-coinswitch-kuber-raises-260m\/","title":{"rendered":"# Indian crypto exchange CoinSwitch Kuber raises $260M"},"content":{"rendered":"<p>&#8220;<strong># Indian crypto exchange CoinSwitch Kuber raises $260M <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMzg1YjM2ZDYtYjIyYi00ZmRlLWFjNjEtODJiMjI2ZTM0NTNmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> C funding round.<\/p>\n<p>According to an official <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinswitch.co\/kuberverse\/a-crypto-unicorn-story-lets-talk-series-c-funding\/\">announcement<\/a> on Oct. 6, the new funding has propelled CoinSwitch Kuber to the \u201cvery top\u201d of Indian unicorns as the firm became \u201cIndia\u2019s most valued crypto company\u201d at $1.91 billion.<\/p>\n<p>The funding round was led by Coinbase\u2019s venture capital arm Coinbase Ventures and Andreessen Horowitz. Previous investors like Sequoia, Paradigm, Ribbit and Tiger Global have also participated in the round.<\/p>\n<p>Using the new funds, CoinSwitch Kuber plans to onboard 50 million Indians on the platform and introduce new services like lending and staking. The exchange also expects to launch an institutional-grade product as well as support more diverse investment options. Other planned initiatives include an innovation fund a crypto education hub for crypto.<\/p>\n<p>\u201cEvery evolution takes a leap of faith, we are taking a giant one today with CoinSwitch Kuber turning into a unicorn and becoming the largest crypto company in the country,\u201d CoinSwitch Kuber co-founder and CEO Ashish Singhal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ashish343\/status\/1445664575370579984?s=20\">said<\/a>.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>US crypto exchange CrossTower expands to India<\/em><\/strong><\/p>\n<p>CoinSwitch Kuber is one of the largest crypto exchanges in India alongside platforms like WazirX and CoinDCX. Since its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinswitch.co\/coinswitch-kuber-is-officially-live-e4dbfc7d1d33\">launch<\/a> in 2020, CoinSwitch Kuber has managed to amass 10 millions users as of September 2021. The exchange previously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/news\/coinswitch-kuber-raises-25-million-from-tiger-global-in-series-b\/article34383192.ece\">raised<\/a> $25 million from investors including Tiger Global in a Series B round in April, following a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/coinswitch-kuber-raises-15-million-from-ribbit-capital-paradigm-sequoia-and-others\/articleshow\/80250796.cms\">$15 million<\/a> Series A round in January.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/indian-crypto-exchange-coinswitch-kuber-raises-260m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Indian crypto exchange CoinSwitch Kuber raises $260M &#8221; Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round. According to an official announcement on Oct. 6, the new funding has propelled CoinSwitch Kuber to the \u201cvery top\u201d of Indian unicorns as the firm&#8230;<\/p>\n","protected":false},"author":1,"featured_media":349031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMzg1YjM2ZDYtYjIyYi00ZmRlLWFjNjEtODJiMjI2ZTM0NTNmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74860,75719,74355,117,17318],"class_list":["post-349030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-funding","tag-adoption","tag-business","tag-india"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=349030"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/349031"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=349030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=349030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=349030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}