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Indian crypto exchange CoinDCX tops $2 billion valuation in new $135 million funding


CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expand its product offerings and talent base, including some to double down on compliances in the world’s second largest internet market.
Steadview and existing backer Pantera co-led CoinDCX’s Series D financing, the firm said. Coinbase Ventures, Kingsway, DraperDragon, Republic and Kindred also participated in the Mumbai-headquartered startup’s new funding. To date, CoinDCX has raised more than $245 million.
The startup, the first Indian crypto firm to attain the unicorn status last year, says it has amassed over 10 million user …

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