Tiger Global makes its first India cryptocurrency firm investment

Invests Rs 181 crore in CoinSwitch Kuber in a Series B round of funding, valuing the company at over $500 million

CoinSwitch Kuber, an Indian cryptocurrency investment platform, has raised $25 million (Rs 181 crore) in a Series B round of funding from Tiger Global Management, at a valuation of over $500 million.
 
This marks the New York-based Tiger Global’s first investment in an Indian cryptocurrency company. This also makes CoinSwitch the highest-funded cryptocurrency player in India. It sets CoinSwitch on the growth trajectory of global cryptocurrency platforms like Coinbase and Binance in the Indian market.
 
“This is a monumental time for the crypto industry in India and globally, as institutional adoption, as well as retail adoption for this