Saverin-Backed Exchange Becomes India’s First Crypto Unicorn
- Facebook co-founder leads $90 million fundraising round
- Existing partners invest; deal values CoinDCX at $1.1 billion
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CoinDCX became India’s first cryptocurrency unicorn after the exchange raised 6.70 billion rupees ($90 million) from investors led by Facebook Inc. co-founder Eduardo Saverin’s B Capital Group, even as local authorities push back against crypto assets.
The latest funding round values the firm at $1.1 billion, Chief Executive Officer and co-founder Sumit Gupta said in an interview Tuesday. Other investors include existing partners Coinbase Ventures, Polychain Capital, Block.one, and Jump Capital.