CoinSwitch Kuber raises $25 Million in Series B Funding, making CoinSwitch the largest crypto platform in India. CoinSwitch Kuber today announced it has raised $25 Million in Series B Funding from Tiger Global Management. This latest valuation also makes them the largest crypto platform in India, putting us in India’s top 5 finance apps. Earlier this year, they announced that they raised $15 Million in our Series A funding from prominent investors in the crypto field, namely Ribbit Capital, Sequoia Capital, and Paradigm.
CoinSwitch is making a lot of marketing effort and the recent one comes in form of a TV ad. IPL (Indian Premier League) Cricket season is on and CoinSwitch is advertising their platform to the customers about Bitcoin. It shows how easily customers can buy Bitcoin and at the same time just Rs.100-200 is enough to start with. The company has grown 350% in the past quarter and now has over 4.5 million users trusting the CoinSwitch Kuber app on Android and iOS.
The company now focuses on bringing a variety of products and services coupled with more features. Read the entire story here.
At the time of writing, Bitcoin the world’s largest cryptocurrency by the market is trading low from its All-time high. Coming to World’s No.2 coin ETH(Ethereum) is slashing all records and trading at an all-time high. I am an active Crypto learner and however volatile the market is Digital currency is here to stay. Check out WazirX or Binance if you are thinking to invest.