Indian crypto exchange CoinDCX raised $135 million in new funding at a valuation of $2.15 billion, the company says. The raise comes at a time when India's trading volumes have plummeted. By amitoj
. The funding increases CoinDCX's valuation to to $2.15 billion from $1.1 billion following Series C funding in August 2021, said Rasika Joshi, director of media relations at CoinDCX.
"The round was led by Pantera Capital and Steadview Capital Management with strong participation from prominent investors like Kingsway, Draper Dragon, Republic, and Kindred," Gupta said. The funding round also saw existing investors such as B Capital Group, Coinbase, Polychain and Cadenza increasing their investments in CoinDCX.
CoinDCX intends to nearly triple its talent pool by the end of the year."Currently, we stand at 400 employees and we will have about 1,000 by the year-end," Rasika said.Save a Seat NowThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a