{"id":50759,"date":"2021-10-06T13:14:49","date_gmt":"2021-10-06T10:14:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50759"},"modified":"2025-09-02T20:04:41","modified_gmt":"2025-09-02T17:04:41","slug":"indian-crypto-exchange-coinswitch-kuber-raises-260-million-from-a16z-and-coinbase-ventures","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/indian-crypto-exchange-coinswitch-kuber-raises-260-million-from-a16z-and-coinbase-ventures\/","title":{"rendered":"Indian crypto exchange CoinSwitch Kuber raises $260 million from a16z and Coinbase Ventures"},"content":{"rendered":"<p>The Indian cryptocurrency exchange CoinSwitch Kuber has raised $260 million following a Series C round. It was led by Coinbase Ventures and Andreessen Horowitz.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Every evolution takes a leap of faith, we are taking a giant one today with <a href=\\\"https:\/\/twitter.com\/CoinSwitchKuber?ref_src=twsrc%5Etfw\\\">@coinswitchkuber<\/a> turning into a <a href=\\\"https:\/\/twitter.com\/hashtag\/unicorn?src=hash&#038;ref_src=twsrc%5Etfw\\\">#unicorn<\/a> &amp; becoming the largest crypto company in the country. I would like to thank <a href=\\\"https:\/\/twitter.com\/a16z?ref_src=twsrc%5Etfw\\\">@a16z<\/a> &amp; <a href=\\\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\\\">@coinbase<\/a> for putting their faith in our dream. <a href=\\\"https:\/\/t.co\/yTbsasloVp\\\">pic.twitter.com\/yTbsasloVp<\/a><\/p>\n<p>\u2014 Ashish Singhal (CoinSwitch Kuber) (@ashish343) <a href=\\\"https:\/\/twitter.com\/ashish343\/status\/1445664575370579984?ref_src=twsrc%5Etfw\\\">October 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>The firm is valued at $1.91 billion. According to CEO Ashish Singhal, CoinSwitch Kuber has become India&#8217;s most valuable crypto company.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier investors Sequoia, Paradigm, Ribbit and Tiger Global also participated in the round.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The exchange aims to grow its user base from 10 million to 50 million and to launch staking and crypto-lending services.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>CoinSwitch Kuber will create products targeted at institutional investors, an innovation fund and an education centre in the digital assets space. The proceeds will also be used to expand the team.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier in April, CoinSwitch Kuber <a href=\"https:\/\/forklog.com\/en\/news\/indias-cryptocurrency-exchange-coinswitch-kuber-has-attracted-25-million-from-tiger-global-management\">raised $25 million<\/a> from Tiger Global Management in a Series B round.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In August, the CoinDCX exchange <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-exchange-coindcx-becomes-indias-first-crypto-unicorn\">became India&#8217;s first unicorn in the crypto industry<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n<p>\\n\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian cryptocurrency exchange CoinSwitch Kuber has raised $260 million following a Series C round led by Coinbase Ventures and Andreessen Horowitz.<\/p>\n","protected":false},"author":1,"featured_media":50760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1531,1166,278,1133],"class_list":["post-50759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-a16z-crypto","tag-centralized-exchanges-cex","tag-india","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=50759"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50759\/revisions"}],"predecessor-version":[{"id":50761,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50759\/revisions\/50761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50760"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}