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Miguel Cordon · · 1 min readSequoia-backed crypto exchange CoinSwitch banks $25m from Tiger Global
India-based CoinSwitch Kuber, a cryptocurrency investment platform, said it raised US$25 million at a valuation “well over” US$500 million.
More funding details
- Investor: Tiger Global Management
- Stage: Series B
More company updates
- The investment marks Tiger Global’s first bet on an Indian cryptocurrency startup.
- It plans to use the fresh funds to make new hires and build awareness for cryptocurrency among retail investors in India.
- Since the company’s inception in 2017, CoinSwitch said it has amassed over 4.5 million users in India and aims to have 10 million users by the end of this year.
- The announcement comes just roughly three months after CoinSwitch’s US$15 million series A funding round from Ribbit Capital, Paradigm, and Sequoia Capital India.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Collin Furtado and Jaclyn Tiu
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