CoinSwitch Kuber raises $25 million from Tiger Global in Series B
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It will invest in enhancing technology, boosting product/security capabilities, brand building, and increase awareness around cryptocurrencies CoinSwitch Kuber, a cryptocurrency investment platform has raised $25 million (₹181 crore) in Series B round of funding from Tiger Global Management, at a valuation over $500 million. This is Tiger Global’s first investment in an Indian cryptocurrency company.
In January 2021, CoinSwitch Kuber raised $15 million in Series A funding from leading global fintech and crypto investor Ribbit Capital, San-Francisco based crypto focused investment firm, Paradigm and Sequoia Capital India.
CoinSwitch Kuber will invest in enhancing technology, boosting product/security capabilities, brand building, increasing awareness around cryptocurrencies as an emerging asset class and hiring across technology, operations, marketing, product and compliance teams,
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CoinSwitch Kuber raises $25 million from Tiger Global at a valuation of over half a billion 4 hours ago
Source: CoinSwitch Kuber CoinSwitch Kuber, India’s largest cryptocurrency investment platform announced it has raised USD 25 million (Rs 181 Cr.) in Series B round of funding from Tiger Global Management, at a valuation that is well over the $500 million mark. This marks New York- based investing powerhouse Tiger Global’s first investment in an Indian cryptocurrency company. This also makes CoinSwitch the highest funded cryptocurrency player in India and sets them on the path to follow the growth trajectory of global cryptocurrency platforms like Coinbase and Binance, in the Indian market. This round of funding is an endorsement of CoinSwitch’s vision of becoming the most preferr
Tiger Global backs Indian crypto startup Coinswitch Kuber at over $500M valuation
Coinswitch Kuber, a startup that allows young users in India to invest in cryptocurrencies, said on Thursday it has raised $25 million in a new financing round as it looks to expand its reach in India, the world’s second largest internet market and also the place where the future of private cryptocurrencies remains uncertain for now.
Tiger Global financed the entire Series B funding round of Coinswitch Kuber and valued the three-year-old Indian startup at over $500 million. The announcement of Series B comes just three months after Coinswitch closed its $15 million Series A round from Ribbit Capital, Sequoia Capital India, and Kunal Shah. The Bangalore-based startup has raised $41.5 million to date.
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CoinSwitch Kuber Raises $25 Mn From Tiger Global At A Valuation Of Over $500 Mn Funds will be used to scale the company, hire top talent and build awareness among retail investors for cryptocurrencies in India
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Cryptocurrency investment platform CoinSwitch Kuber announced on Thursday that it has raised $25 million in a Series B round of funding from Tiger Global Management, at a valuation that is well over the $500 million mark. This marks New York-based investing Tiger Global’s first investment in an Indian cryptocurrency company. This also makes CoinSwitch the highest funded cryptocurrency player in India and sets them on the path to follow the growth trajectory of global cryptocurrency platforms like Coinbase and Bi