Indian crypto exchange CoinDCX tops $2b in valuation following $135m Series D

(From L to R) Neeraj Delwal, Co-Founder; and Sumit Gupta, CEO.

Indian crypto exchange CoinDCX has raised over $135 million (Rs1,000 crore) in a Series D funding round led by Pantera and Steadview, riding on the popularity of the crypto and Web3 industries in India. The fundraising makes it the most valued crypto company in India, surpassing CoinSwitch Kuber.

The funding round witnessed “strong participation” from Kingsway, DraperDragon, Republic, and Kindred, according to a statement on Tuesday. Existing investors B Capital Group, Coinbase, Polychain, and Cadenza also invested in the round.

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