CoinDCX, a cryptocurrency exchange based in Cyprus, announced on Tuesday that it had secured USD135 million in Series D fundraising from new and existing investors. The company's valuation has risen to USD2 billion as a result of the current round of funding.
Pantera and Steadview led the investment round, which included notable investors like as Kingsway, DraperDragon, Republic, and Kindred. Existing investors such as B Capital Group, Coinbase, Polychain, and Cadenza increased their interests in CoinDCX as part of the latest funding round, placing it in a great position to promote the expansion of the crypto/web3 business in India, according to CoinDCX.
CoinDCX is now the most valuable cryptocurrency startup in India as a result of this round. In a statement, Sumit Gupta, Co-Founder and CEO of CoinDCX, said, "The new round by some of the top institutional investors only reaffirms our trust in India's great potential in the crypto ecosystem."
"We are well-positioned to assist generate more understanding and trust between regulators, industry, and our users, ultimately helping to accelerate the expansion of Crypto acceptance in India and promote the march of Web3.0," Gupta concluded.
