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

bitcoin, cryptocurrency, digital

Illustration: Ajay Mohanty

Peerzada Abrar Bengaluru
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.

First Published: Apr 22 2021 | 10:16 PM IST

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