CoinSwitch Kuber, an Indian cryptocurrency investment platform, has raised $25 million (Rs 181 crore) in a Series B round of funding from Tiger Global Management, at a valuation of over $500 million.
This marks the New York-based Tiger Global’s first investment in an Indian cryptocurrency company. This also makes CoinSwitch the highest-funded cryptocurrency player in India. It sets CoinSwitch on the growth trajectory of global cryptocurrency platforms like Coinbase and Binance in the Indian market.
“This is a monumental time for the crypto industry in India and globally, as institutional adoption, as well as retail adoption for this asset class, is increasing exponentially,” said Ashish Singhal, chief executive officer (CEO) and co-founder, CoinSwitch Kuber. “We are thrilled to have Tiger Global Management, the most prolific backers of the Indian start-up story, as investors and mentors in our journey. This investment round brings us at par with some of the most sought-afte
Indian crypto investment platform CoinSwitch Kuber raises $25m from Tiger Global
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Coinswitch kuber funding: Coinswitch Kuber valued at $500 million after raising $25 million from Tiger
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