CoinDCX raises over $135 million funding; now valued at $2.15 billion

Crypto trading exchange, CoinDCX, raises over $135 million (Rs 1000 crore) in the latest series D round funding. The round was led by Pantera Capital and Steadview Capital. The latest round of funding will help accelerate growth of crypto adoption in India and web 3.0, mentioned Sumit Gupta, founder on twitter.

With the latest round of funding--which comes on the heels of crypto taxation rules announced by the Finance Minister in her budget speech--CoinDCX is now valued at $2.15 billion. Kingsway Capital, DraperDragon, Republic and Kindred Ventures also participated in the round. Existing investors B Capital, Polychain Capital, Cadenza Capital Management and Coinbase Ventures also increases their investments.

Neeraj, founder stated on twitter, "With fresh money in the bank, we are going to focus on technology, innovation, education and compliance for blockchain and crypto tech."