Crypto exchange CoinDCX raises $90 Million in Series C

by Kay Aloha Villamor in August 16th, 2021

Cryptocurrency exchange CoinDCX has raised $90 Million in Series C funding at a valuation of $1.1 billion, making it the 22nd unicorn of 2021 in India in a year that is already a record-breaking year for startup funding in the country. This also makes CoinDCX India’s first crypto unicorn. 

The round was led by former Facebook co-founder Eduardo Saverin of B Capital Group. Along with existing investors, Coinbase Ventures, Polychain Capital, Block.one, and Jump Capital, among others. 

Company: CoinDCX

Raised: $90.0M

Round: Series C

Funding Month: August 2021

Lead Investors: Eduardo Saverin of B Capital Group 

Additional Investors: Coinbase Ventures, Polychain Capital, Block.one, and Jump Capital

Company Website: https://coindcx.com

Software Category: Blockchain/Trading platform

About the Company: Established in 2018, CoinDCX is a cryptocurrency exchange and liquidity aggregator having operations across the world. The exchange has instant deposit and withdrawal facilities with a suite of crypto-based financial products and services which include Insta, Spot, Lend, Margin, and Stake. The company focuses on developing borderless financial services that ensure a simpler and uninterrupted flow of capital. Its liquidity, powerful wallet, and impenetrable security make the trading experience fast, reliable, and effortless.

Source: https://entrackr.com/2021/08/crypto-exchange-coindcx-raises-90-mn-to-trade-up-to-unicorn-status/

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