India gets its first cryptocurrency unicorn ...Middle East

Quartz - Economy
India gets its first cryptocurrency unicorn
India doesn’t have clear regulations on cryptocurrencies yet, but it already has a unicorn in the segment.Today (Aug. 10), Mumbai-based cryptocurrency exchange CoinDCX said it has raised $90 million (Rs668 crore) in a Series C funding round from a host of international investors at a valuation of $1.1 billion, making it the latest tech unicorn venture in India. The investors in the round included Facebook co-founder Eduardo Saverin’s B Capital Group, Coinbase Ventures, Polychain Capital, Block.one, and Jump Capital, among others.The company plans to use these funds to attract more Indians and “make crypto a popular investment asset class in India,” Sumit Gupta, co-founder and CEO of CoinDCX,

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