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.
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.