Share this article
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
A16z, Coinbase Back CoinSwitch Kuber in $260M Funding Round
The Indian exchange is valued at $1.9 billion, making it India’s second crypto “unicorn.”

India has its second cryptocurrency unicorn (a startup with a market value of at least $1 billion) after Andreessen Horowitz (a16z) and Coinbase Ventures backed CoinSwitch Kuber in a $260 million funding round that valued the exchange at $1.9 billion.
- Also participating in the round were existing investors Paradigm, Ribbit Capital, Sequoia Capital and Tiger Global, CoinSwitch Kuber announced Wednesday.
- The exchange has set a goal of onboarding 50 million Indians with the launch of new crypto products and services such as lending and staking.
- CoinSwitch Kuber has demonstrated that it can “deliver an investment platform for the masses in India,” according to David George, a general partner at a16z.
- The exchange’s unicorn status follows the $1 billion valuation attained by rival crypto exchange CoinDCX in August in a $90 million funding round that also included contribution from Coinbase.
- CoinSwitch Kuber was valued at $500 million in a $25 million Series B funding round in April, which came three months after a $15 million Series A round.
Read more: Crypto Industry Could Add $184B of Economic Value to India by 2030: NASSCOM
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.

More For You
Circle Dips 6% After Hours on 10M Share Secondary Offering

Coming roughly two months after the company's blazing stock market debut, insiders are accounting for 8 million of the 10 million shares being sold.
What to know:
- Circle announced a secondary stock sale of 10 million shares, with 2 million offered by the company and 8 million by selling stockholders.
- Circle's stock fell 6% in after hours trading following the announcement.
- The firm reported a $428 million loss for the second quarter earlier on Tuesday.
Top Stories