CoinDCX has raised ₹100 crores ($13.9 million) in Its Series B round Of Funding from famous investors
CoinDCX has raised ₹100 crores ($13.9 million)Crypto Exchange, CoinDCX has raised ₹100 crores ($13.9 million) in Its Series B round Of Funding from various investors, including returning investors from the previous round. Temasek, Jump Capital, Block.one, Uncorrelated Ventures, Mehta Ventures, and Alex Pack, are the New investors and also returning investors such as Coinbase Ventures and Polychain Capital participated in this funding round.
“This has been the most exciting year for CoinDCX. While the pandemic forced everyone indoors, CoinDCX scaled up exponentially and continues to do so. Our team tripled in number from 30 in March to 90 in December, and we are continuing to hire aggressively. The funds raised in the past as well as the current round will help us develop our newly launched crypto to INR app, CoinDCX Go and make it the easiest and the safest way to onboard the everyday Indian into cryptocurrencies. The new app, is a flagship product from our #TryCrypto movement which aims to onboard 50 million Indians into the cryptocurrency market.”
Sumit Gupta (CEO and co-founder of CoinDCX)
- CoinDCX plans to use this fund to develop the newly launched crypto investment app CoinDCX Go and Grow their userbase.