Saverin-backed exchange becomes India’s first crypto unicorn



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CoinDCX became India’s first cryptocurrency unicorn after the exchange raised 6.70 billion rupees ($ 90 million) from investors led by Facebook Inc. co-founder Eduardo Saverin , B Capital Group, even as local authorities push back crypto assets.

The latest funding round values ​​the company at $ 1.1 billion, CEO and co-founder Sumit Gupta said in an interview on Tuesday. Other investors include existing partners Coinbase Ventures, Polychain Capital, Block.one, and Jump Capital.

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