India: CoinSwitch Kuber raises $15m Series A led by Ribbit, Paradigm

India: CoinSwitch Kuber raises $15m Series A led by Ribbit, Paradigm

India Gate. Photo: Abhidev Vaishnav/unsplash

Cryptocurrency investment platform CoinSwitch Kuber has raised $15 million ( 109 crore) as part of its Series A funding round, led by global fintech and crypto investor Ribbit Capital and San Francisco-based Paradigm. Existing investors Sequoia Capital India and angel investor and CRED founder Kunal Shah also participated in the round.

CoinSwitch said it will use the funds to enhance product, security and technology capabilities, with a view to becoming the de-facto cryptocurrency investment platform for Indian users.

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