How two Indian techies bootstrapped their way to build the country’s first crypto unicorn ...Middle East

Quartz - Economy
How two Indian techies bootstrapped their way to build the country’s first crypto unicorn
source : Quartz ( Middle East ) () 20
The co-founder of India’s latest cryptocurrency unicorn almost didn’t launch his company.Three years ago, Sumit Gupta, CEO and co-founder of Mumbai-based cryptocurrency exchange CoinDCX, was excited to launch his company. In April 2018, Gupta and his long-time college friend Neeraj Khandelwal had all their ducks in a row, including pooling in their savings to make up 90% of the total capital for their startup. By the end of May, the duo had aligned all the investors it needed when the axe fell.“We were raising a seed round, and then the news about the RBI (the Reserve Bank of India) circular came,” Gupta told Quartz over a Zoom call. The circular he is referring to was the Indian central ban

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