CoinDCX raises $135m Series D

Indian crypto exchange CoinDCX has raised more than $135 million in an oversubscribed Series D funding round, valuing the company at more than $2 billion.

Pantera and Steadview led the round, with participation from Kingsway, DraperDragon, Republic and Kindred as well as existing investors B Capital Group, Coinbase, Polychain and Cadenza.

As a result of the Series D funding, the Mumbai-based company is now the most valuable cryptocurrency company in the country.

CoinDCX CEO and co-founder Sumit Gupta says the investment “only reinforces the belief in India’s immense potential in the crypto ecosystem”.

Recently, the company partnered with crypto-native surveillance and market integrity firms Solidus Labs and Confirm to make its platform safer and more secure for its customers.

CoinDCX became India’s first crypto unicorn in August last year after raising $90 million in a Series C round.

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