Bitcoin exchange CoinDCX becomes India’s first crypto unicorn.

The Bitcoin exchange CoinDCX has raised 6.7 billion rupees (about $90 million), becoming India’s first unicorn in the crypto industry. Bloomberg reports.

According to CoinDCX chief Sumit Gupta, with the new investment the company is valued at $1.1 billion.

The funding round was led by B Capital Group, of which Eduardo Saverin is a co-founder. Other investors include Coinbase Ventures, Polychain Capital, Block.one and Jump Capital.

Part of the funds will be used to expand the team over the next six months.

Earlier, CoinDCX raised $3 million in a Series A round and $13.9 million as part of a Series B investment round.

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